Aussie Broadband (ABB) shares savaged after downgrade
ABB -28.06%: shares in the fastest growing telco were hit hard today after tightening guidance to the lower end for the full year.
Aussie Broadband (ABB) share price tumbles while Superloop (SLC) soars
ABB -18.01% / SLC +24.76%: opposing outcomes today for the smaller telco companies, Aussie Broadband losing their white label deal with Origin Energy to Superloop, oddly enough ABB had looked to takeover SLC not too long ago. 130k users will migrate over to Superloop over the next few months, a deal that is expected to earn ABB ~$14m EBITDA over FY24.
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