Swoop Holdings Limited (AU:SWP) has released an update.
Swoop Holdings Limited has bolstered its regional infrastructure footprint with the acquisition of conduit and fibre assets in Seacrest Estate, near Geraldton, WA, which is connected to about 900 homes and is projected to boost revenue by $1.2 million over three years. Funded by existing cash reserves, this move aligns with Swoop’s strategy to expand its high-margin fibre product offerings and reinforces its commitment to enhancing connectivity in regional Australia. CEO Alex West emphasizes the acquisition’s role in competing with incumbent providers and hints at future growth through similar acquisitions and the development of the Swoop Infrastructure brand.
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