Superloop Flags Up To AU$4 Million Potential Gross Margin Impact on Annualized Basis in Wake of AGL Telecommunications Business Divestment, Shares Fall 3%

MT Newswires Live

02/11

Superloop (ASX:SLC) estimated a potential gross margin impact of up to AU$4 million on an annualized basis if AGL Energy (ASX:AGL) fully reduces its usage under a wholesale agreement following completion of the migration of subscribers from AGL's network, according to a Wednesday Australian bourse filing.

Aussie Broadband (ASX:ABB) is set to acquire the telecommunications business of AGL Energy in a deal valued at AU$115 million. The migration of subscribers from AGL's network is anticipated in the first half of fiscal 2027.

Superloop has an existing wholesale agreement to provide network and backhaul transit services with AGL unit, Southern Phone, which expires in June 2029.

Superloop's shares fell 3% in recent trading on Wednesday.

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