SYDNEY: Swoop, a telecommunications company, has made a significant move by acquiring the conduit and fibre assets in a housing estate located near Geraldton, Western Australia. The deal, valued at $500,000, is expected to generate $1.2 million in revenue over the next three years. The infrastructure is currently connected to approximately 900 existing homes in…
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Swoop to divest its Voicehub and Harbourtel businesses for $9m
SYDNEY, AUSTRALIA: Swoop has entered into a binding sale agreement to divest the entire issued share capital of Voicehub Group Pty Ltd and Harbourtel Pty Ltd (the entities that own and operate Swoop’s wholesale focused voice call termination business) to Pivotel for $9m cash. The purchase price is comprised of $8m payable on completion and…
Swoop to acquire Sydney based dark fibre provider Luminet for $8mn
SYDNEY, AUSTRALIA: Swoop has entered into a conditional agreement to acquire Sydney based dark fibre provider Luminet in a $8 million deal, comprising $6.4 million in cash and $1.6 million in Swoop shares. The acquisition will be funded from existing cash reserves and is expected tocomplete on 28 February 2022. The assets consist of 58km…
Swoop buys iFibre’s dark fibre network for $1.5mn
SYDNEY, AUSTRALIA: Swoop Holdings Limited has agreed to acquire the dark fibre network assets and customers of iFibre Pty Ltd for a purchase price of $1.5 million payable in cash with $1.2 million paid on completion and $300,000 of the purchase price withheld for a period of 6 months for any potential claims and adjustments.…
Swoop to acquire Sydney-based VoiceHub for $8.5mn
SYDNEY, AUSTRALIA: Swoop Holdings Limited has agreed to acquire VoiceHub Group and Harbourtel Pty Ltd (together, Voicehub). The purchase price for the acquisition is up to $8.5 million. The consideration comprises $4 million payable in cash on completion; $2 million to be satisfied by the issue of fully paid ordinary shares of Swoop and up…