Brief: Aussie Broadband Receives Imda Approval

Superloop

09/05/2024 02:31

May 9 (Reuters) - Aussie Broadband Ltd  ABB.AX :
    * AUSSIE BROADBAND RECEIVES IMDA APPROVAL
    * IMDA GRANTED UNCONDITIONAL APPROVAL FOR ABB TO HOLD UP TO
19.9%
OF SHARES IN SUPERLOOP
    * IMDA HAS ALSO NOTED THAT THE ACQUISITION IS UNLIKELY TO
SUBSTANTIALLY LESSEN COMPETITION
    * ABB NOTES THAT IT IS UNDER NO OBLIGATION TO ACQUIRE ANY
FURTHER
SHARES IN SUPERLOOP
    * IMDA ALSO NOTED ABB & SLC DO NOT PARTICIPATE IN SAME
TELECOMMUNICATIONS MARKETS IN SINGAPORE

Further company coverage:  ABB.AX 

 ((Reuters.Briefs@thomsonreuters.com;))