Andrew Forrest-backed Swoop Holdings has entered into a binding sale agreement in order to divest its wholesale voice call termination business to Pivotel Group for $9 million.
Australians have given fixed-wireless internet the tick of approval as two major providers today reported strong growth in revenue and earnings in the year to June.
Swoop has secured a more than $5 million, five-year contract with Orro Group to provide NBN enterprise ethernet services to its Western Australian users.
Swoop Holdings has made its second major acquisition in under a month, picking up Community Communications and more than a dozen of its fixed-wireless towers for an undisclosed sum.
Andrew Forrest-backed telco Swoop has made its first major acquisition since listing on the ASX after finalising a $1.8 million deal to buy Victoria-based ISP Speedweb.
Two internet service providers backed by Andrew Forrest's Tattarang are set to merge and list on the ASX through a reverse takeover of Sydney-based outfit Stemify.