Brief: Aussie Broadband Announces Termination Of White Label Agreement

Aussie Broadband

14/03/2024 01:31

March 14 (Reuters) - Aussie Broadband Ltd  ABB.AX :
    * TERMINATION OF WHITE LABEL AGREEMENT
    * ORIGIN ENERGY RETAIL LIMITED TO TERMINATE WHITE LABEL
WHOLESALE
AGREEMENT WITH CO
    * IN FY24 ORIGIN WHITE LABEL WHOLESALE AGREEMENT IS EXPECTED
TO
CONTRIBUTE ESTIMATED A$14M EBITDA
    * AUSSIE BROADBAND PROVIDED ALTERNATIVE PROPOSAL BUT NO
FURTHER
RESPONSE WAS RECEIVED FROM ORIGIN
    * ORIGIN REQUESTS AUSSIE BROADBAND CONTINUE TO PROVIDE
CERTAIN
SERVICES UNDER DEAL FOR 6 MONTHS POST-TERMINATION
    * REAFFIRMS FY24 EBITDA GUIDANCE OF A$105M TO A$110M

Further company coverage:  ABB.AX 

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