Swoop Holdings to sell Sydney fibre assets to Xenith for A$4.5 million
Swoop Holdings Ltd has agreed to sell its Sydney fibre assets to Xenith for A$4.5 million, according to Reuters. The deal is expected to close in Q3 FY27.
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what happened
Swoop Holdings Ltd has signed an agreement to sell its fibre network assets in Sydney to Xenith. The purchase price is A$4.5 million, Reuters reports.
Completion is expected in the third quarter of fiscal 2027 and depends on approval from FIRB, Australia's foreign investment review board.
The company plans to use the net proceeds to reduce debt and fund working capital.
why it matters
The deal is small and involves a single Australian operator, so its impact on the broader market is limited. For Swoop, it is a step toward lower debt if the regulator signs off on schedule.
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sources
- Swoop Enters Agreement To Sell Sydney Fibre Assets — Reuters, 23 October 2026 at 01:24 UTC
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