Aussie Broadband falls on higher capex outlook
Mon 05:28
BUZZ-Aussie Broadband falls on higher capex outlook ** Shares of Aussie Broadband ABB.AX fall as much as 5.8% to A$5.250, their steepest fall since March 9
** Australian telecom firm sees FY26 capital expenditure at the upper end of A$55 million-A$60 million ($38.96 million-$42.50 million)
** Co expects FY26 underlying EBITDA in the middle of the previously announced forecast range of A$162 million to A$167 million
** ABB says it completed the acquisition of AGL Energy's telecom business on Monday, with the migration of AGL's combined 350,000 NBN services and mobile connections to be completed in Q2 FY27
** Around 1.9 million shares traded, nearly 1.9x 30-day average
** ABB up 4.2% YTD
($1 = 1.4118 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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