One of Australia's leading challenger telcos is surging ahead with a recent acquisition under its belt, notching a 46 per cent lift in total broadband connections nationwide in FY22 while growing sales and profit at even faster rates.
With revenue rising by 56 per cent to reach $546.9 million, Aussie Broadband (ASX: ABB) now has a 6.46 per cent share of the NBN broadband market, representing an increase of almost two percentage points in the space of 12 months.
This morning the Melbourne-headquartered group reported a 107 per cent jump in EBITDA to $39.4 million, of which its recently acquired Over the Wire Holdings contributed $9.6 million over the 3.5 months since it came under Aussie Broadband ownership.
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