Aussie Broadband's New Contract Cures Hangover -- Market Talk
Dow Jones
Aug 26
0042 GMT - Aussie Broadband's new wholesale agreement cures any hangover still felt from the loss of its deal with Origin Energy, Citi analyst William Park writes in a note. He says that Aussie Broadband's six-year contract with More could potentially fill a void left by Origin, with a good chance of upside given More is 40% owned by Commonwealth Bank and partners with Australia's largest bank. In summary, Park thinks that the agreement should deliver a step-change to Aussie Broadband's wholesale earnings profile. Citi raises its target price 28% to A$6.15 and keeps a buy rating on the stock, which is down 1.3% at A$5.29. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
August 25, 2025 20:42 ET (00:42 GMT)
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