Aussie Broadband’s budget Buddy chases lost customers

Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 & 19 : 16-Jul-24

Shares in Aussie Broadband fell by 14 per cent to trade at $3.06 on Monday after the telco announced that its 2024-25 financial year earnings would be between $125 million and $135 million, some $10 million less than its previous forecast. Aussie Broadband launched a new cheap internet brand called Buddy Telco on Monday, with group MD Phillip Britt hoping it will win back some of the customers it has lost to rival Superloop after Aussie Broadband lost a wholesale contract with Origin Energy to Superloop.

CORPORATES
AUSSIE BROADBAND LIMITED – ASX ABB, SUPERLOOP LIMITED – ASX SLC, ORIGIN ENERGY LIMITED – ASX ORG

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