Lexi Webster
Aussie Broadband is an Australian internet and telecommunications service provider. It is the fourth-largest retail internet service provider in Australia, with a market share of 8.9% as of June 2024. The company was formed in 2008 through the amalgamation of Wideband Networks and Westvic Broadband. In September 2020, Aussie Broadband's managing director, Phil Britt, announced that the company would be launching an initial public offering and listing on the Australian Securities Exchange (ASX). As of 2024, Aussie Broadband is Australian-owned, but as it is ASX-listed, Australian ownership may not be guaranteed in the future.
| Characteristics | Values |
|---|---|
| Aussie Broadband's ownership | Australian-owned but ASX-listed, so Australian ownership isn't guaranteed |
| Aussie Broadband's market share | 8.9% of NBN services, with 780,259 broadband connections as of June 2024 |
| Aussie Broadband's ranking | 4th largest retail internet service provider in Australia |
| Aussie Broadband's revenue growth | 27% to $379 million |
| Aussie Broadband's broadband connections | Increased by 27% to 635,200 |
| Aussie Broadband's NBN market share | Increased from 5.66% to 7.01% |
| Aussie Broadband's share price | Increased by close to 7% in April 2023 |
| Aussie Broadband's offices | Victoria (Dandenong South, Melbourne CBD), Sydney, Brisbane, Perth, Adelaide, and remote staff across Australia |
| Aussie Broadband's customer service centres | Based wholly in Australia |
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What You'll Learn
- Aussie Broadband is Australian-owned
- Aussie Broadband is the fourth-largest retail internet service provider in Australia
- Aussie Broadband has offices in Melbourne, Sydney, Brisbane, Perth, Adelaide
- Aussie Broadband is ASX-listed
- Aussie Broadband's managing director, Phillip Britt, sold shares in April 2023
Aussie Broadband is Australian-owned
Aussie Broadband is an Australian internet and telecommunications service provider. It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. The company was established in Morwell in Victoria's Gippsland region and has offices in various cities across Australia, including Melbourne, Sydney, Brisbane, and Perth.
Aussie Broadband is currently Australian-owned, but its future ownership is uncertain as it is now ASX-listed. In September 2020, the company's managing director, Phil Britt, announced that they would be launching an initial public offering and listing on the Australian Securities Exchange (ASX). This move opened up the possibility of foreign ownership, as anyone could purchase shares in the company.
Despite the ASX listing, Aussie Broadband remains committed to its Australian roots. Its customer service centres are based wholly in Australia, and it is one of the largest employers in the Latrobe Valley region. The company has also shown a dedication to providing quality services to Australians, as evidenced by its investment in its own fibre network and the acquisition of Brisbane-based IT company Over the Wire in 2022.
Aussie Broadband's managing director, Phillip Britt, has been recognised for his contributions to the Australian telecommunications industry. In 2019, he was inducted into the Edison Awards Hall of Fame by CommsDay, highlighting his impact on the industry.
In summary, Aussie Broadband is currently Australian-owned and has strong ties to the country, with local employment opportunities and a focus on serving the Australian market. However, with its ASX listing, there is a possibility that foreign ownership could become a factor in the future.
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Aussie Broadband is the fourth-largest retail internet service provider in Australia
Aussie Broadband is an Australian internet and telecommunications service provider. It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. The company is based in Morwell in Victoria's Gippsland region, with offices in Dandenong South, Melbourne CBD, Sydney, Brisbane, Perth, and Adelaide. Aussie Broadband is the fourth-largest retail internet service provider in Australia, with a market share of 8.9% as of June 2024. The company has a total of 780,259 broadband connections and is one of the largest employers in the Latrobe Valley region.
Aussie Broadband's customer service centres are based wholly in Australia, and the company operates its own fibre network spanning 1,721 kilometres in length. In addition to its own infrastructure, the company has a wholesale agreement with NBN Co and leases backhaul infrastructure from third parties. Aussie Broadband also has a mobile services division, utilising the Optus mobile network.
Aussie Broadband went public in October 2020, listing on the Australian Securities Exchange (ASX) under the ticker ABB. As of 2024, the company is still Australian-owned, but as it is ASX-listed, future Australian ownership is not guaranteed. Aussie Broadband has experienced significant growth and profitability, with a 27% increase in total broadband connections and an expanding market share.
The company has made several acquisitions and leadership changes to support its growth. In March 2022, Aussie Broadband acquired Brisbane-based IT company Over the Wire for $344 million, enabling the operation of a Tier-1 voice network. Aussie Broadband's managing director, Phillip Britt, has been recognised for his contributions to the Australian telecommunications industry, receiving accolades such as the CommsDay Edison Award.
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Aussie Broadband has offices in Melbourne, Sydney, Brisbane, Perth, Adelaide
Aussie Broadband is an Australian internet and telecommunications service provider. It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. The company is currently Australian-owned, but its ASX listing means that Australian ownership isn't guaranteed in the future.
Aussie Broadband has offices in several major Australian cities, including Melbourne, Sydney, Brisbane, Perth, and Adelaide. The company's customer service centres are based wholly in Australia, and they are one of the largest employers in the Latrobe Valley region.
Aussie Broadband's Melbourne office is located in South Melbourne, and the company's headquarters are in the Victorian Gippsland region in Morwell. The company also has an office in Dandenong South, Victoria.
The Sydney office is joined by a Brisbane office, which was strengthened by Aussie Broadband's acquisition of Brisbane-based IT company Over the Wire in 2022. The company also has a presence in Perth and Adelaide, with remote staff scattered across Australia.
Aussie Broadband's offices are strategically located to serve its customers across Australia, and the company is committed to providing reliable and high-quality services to its customers. The company has experienced significant growth, with an increase in total broadband connections and an expanding market share.
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Aussie Broadband is ASX-listed
Aussie Broadband is an Australian internet and telecommunications service provider. It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. The company is currently Australian-owned but is ASX-listed, meaning that Australian ownership is not guaranteed.
Aussie Broadband was listed on the Australian Securities Exchange (ASX) in 2020, with the company beginning to trade on the market at 11 am on 16 October 2020, under the ticker ABB.
In September 2019, Aussie Broadband announced that it was preparing to go public, and in September 2020, the company's managing director, Phil Britt, formally announced the company's intention to launch an initial public offering. As part of the IPO, the public offer was extended to customers of the company, and current employees were eligible to be gifted a small package of shares.
Aussie Broadband is the fifth-largest provider of broadband services in Australia and has a wholesale agreement with NBN Co. The company also has its own fibre network, spanning 1,721 kilometres in length, and some leased backhaul infrastructure from third parties. As of June 2024, Aussie Broadband's market share of NBN services was 8.9%, with the company totalling 780,259 broadband connections.
In April 2023, it was announced that the company's managing director, Phillip Britt, had sold 268,602 shares, with plans to sell up to a further 231,398 shares over the next month. The sale represented only a small portion of Britt's total shareholding, and he remains a substantial shareholder in the company.
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Aussie Broadband's managing director, Phillip Britt, sold shares in April 2023
Aussie Broadband is an Australian internet and telecommunications service provider. It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. The company is headquartered in Morwell in Victoria's Gippsland region and has offices in other parts of Victoria, Sydney, Brisbane, Perth, and Adelaide.
Aussie Broadband's managing director is Phillip Britt, who co-founded the company with former chief technical officer John Reisinger. In April 2023, it was announced that Britt had sold 268,602 shares, worth over $1.6 million, and would sell up to a further 231,398 shares over the next month. This sale represented a small portion of his overall holdings, and investors were assured that Britt remained highly invested in the business.
Britt has been recognised for his contributions to the Australian telecommunications industry, being inducted into the Edison Awards Hall of Fame in 2019. He has also overseen several significant developments for Aussie Broadband, including the company going public in 2020, listing on the Australian Securities Exchange, and acquiring other companies such as Over the Wire in 2022 and Symbio in 2023.
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Frequently asked questions
Yes, Aussie Broadband is Australian-owned, but it is ASX-listed, so Australian ownership is not guaranteed.
Aussie Broadband is the fourth or fifth largest retail internet service provider in Australia, with 780,259 broadband connections as of June 2024.
Aussie Broadband was established in Morwell in Victoria's Gippsland region. It also has offices in Victoria (Dandenong South and Melbourne CBD), Sydney, Brisbane, Perth, and Adelaide.
The boss of Aussie Broadband is Managing Director Phillip Britt.
Yes, Aussie Broadband is publicly traded on the Australian Securities Exchange (ASX) under the ticker ABB.
