Latest Telecommunications News

Aussie Broadband has reported a strong financial year with a 19% increase in revenue and a 24% rise in net profit, alongside a solid dividend payout.

Aussie Broadband has inked a six-year exclusive wholesale agreement with More Telecom and Tangerine Telecom, adding over 250,000 broadband connections and boosting its network to more than one million users. The deal is expected to contribute $12 million in annual EBITDA from FY27 and marks a significant step in Aussie Broadband’s wholesale growth strategy.

Vonex Limited shareholders will soon decide on a court-approved scheme of arrangement under which Maxo Telecommunications will acquire the remaining 30.6% of Vonex shares it does not already own, offering an 80% premium to the pre-announcement share price.

Chorus Limited reported a resilient FY25 with modest revenue growth, increased fibre uptake, and a positive net profit, while advancing its all-fibre strategy and sustainability commitments.

Vonex Limited shareholders are set to vote on a court-approved scheme of arrangement for Maxo Telecommunications to acquire the remaining 30.6% stake, offering a significant premium. The scheme promises a timely cash exit amid sector uncertainties.

Superloop has reported a robust FY25 with a 31% revenue increase and significant market share gains in the nbn broadband sector, alongside a positive net profit after tax.

Superloop Limited has reported a landmark FY25, posting its first positive net profit after tax since its turnaround began, alongside robust revenue growth and a significant expansion in its customer base.

Superloop Limited reported a strong FY25 with revenue up 31.2% to $546.5 million and a return to profitability, driven by organic growth and the successful migration of Origin Energy broadband customers. The company also expanded its fibre network through the acquisition of Uecomm Pty Ltd and updated executive remuneration to reflect its robust performance.

Spark New Zealand reported FY25 results within updated guidance, unveiling a strategic sale of a majority stake in its data centre business and a renewed five-year focus on core connectivity. The company’s transformation and capital management reset aim to stabilize performance and deliver sustainable shareholder returns.

TPG Telecom has revealed a significant cyber incident involving unauthorized access to iiNet’s order management system, potentially exposing sensitive customer data. The breach, traced to stolen employee credentials, is currently contained but raises questions about future security measures.

Telstra Group Limited has released its full-year financial results for FY2025, setting the stage for an in-depth analyst briefing and webcast. Investors await detailed insights into the company’s performance and strategic direction.

Telstra Group Limited has announced an additional $1 billion on-market share buy-back following a recent $750 million program, underscoring its strong financial position and commitment to shareholder returns.