Aussie Broadband has acquired business communications provider Nexgen for $44.1 million, alongside a solid first-half result that strengthens its aim to become Australia’s third largest NBN retailer by the end of this year.

Under a binding agreement revealed on Monday, Aussie Broadband will acquire 100% of Nexgen Investment Group from Infotrust for $44.1 million upfront, plus an earn-out of up to $5.9 million subject to EBITDA targets in FY26 or FY27.

The deal values Nexgen at 6.2x forecast FY26 EBITDA, falling to 4.1x once synergies are realised.

Nexgen is forecast to generate $8.1 million in EBITDA in FY26, contributing $2.7 million to Aussie’s earnings this financial year. Annual cost synergies of $2 million to $4 million are expected within two years.

Founded in 2009, Nexgen provides unified communications, modern telephony, data, hardware and an emerging Agentic AI product suite tailored to SMEs.

The acquisition adds around 6,000 SME NBN customers on long-term contracts averaging four to five years. Nexgen will continue to operate as a standalone business, with co-founders Elie Ayoub and James Harb remaining to drive performance targets.

Aussie Broadband CEO Brian Maher (pictured) said the deal is “a great strategic fit”, strengthening Aussie’s SME capability and national sales footprint.

The acquisition comes as Aussie Broadband posted H1 FY26 revenue of $637.8 million, up 8.4% year-on-year, with underlying EBITDA rising 13.5% to $74.7 million. Underlying NPATA climbed 24.5% to $31.3 million.

On-net broadband connections reached 827,700, lifting NBN market share to 8.8%.

Following recent wholesale agreements and acquisitions, including AGL Telco and a services deal with More, the company expects to migrate around 290,000 additional connections in the second half.

Aussie Broadband has upgraded FY26 underlying EBITDA guidance to $162 million–$167 million and declared a fully franked interim dividend of 2.4 cents per share, up 50% on the prior corresponding period.