Swoop scoops up ComComs

28/06/2021 - 15:42

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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.

Swoop scoops up ComComs
Tony Grist is on the board of both Minderoo Foundation and Swoop Holdings. Photo: Attila Csaszar

Swoop Holdings has made its second major acquisition in under a month, picking up Perth-based ISP Community Communications and more than a dozen of its fixed-wireless towers for an undisclosed sum.

Swoop, which is backed by Andrew Forrest and Minderoo Foundation director Tony Grist and trades under the name NodeOne, acquired Victoria-based internet provider Speedweb in a $1.8 million deal earlier this month.

Alex West, the company's chief executive, said the acquisition of the ComComs would grow NodeOne’s customer base and tower footprint across Western Australia.

"It will also allow for NodeOne to take advantage of geographic synergies and provide customers with more choice of service speeds and plans," he said.

"I would like to take this opportunity to welcome the ComComs customers to the Swoop and NodeOne family."

Shares in Swoop closed at $0.90 today.

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