Aussie Broadband Shares Dive After Earnings Guidance
Aussie Broadband share dived 13.3 per cent, as of 10:30am this morning, after giving earnings guidance.
Aussie expects EBITDA to be in the range of $27 million to $28 million. This is, however, before transaction costs and excluding any contribution from Over the Wire.
The company expects 580,000 to 585,000 active broadband connections by June 30.
Aussie Broadband saw services jump by 11 per cent in the March quarter, with business broadband up 10 per cent.
Mobile services increased 9 per cent, jumping from 32,207 to 34,985 services.
Wholesale and white label services soared by 91 per cent, from 27,286 to 52,125.