Aussie Broadband's Partial Sale of Superloop Shareholding

Aussie Broadband Limited (ASX: $ABB) has finalized the sale of 37,621,056 fully paid ordinary shares in Superloop at a sale price of $1.31 per share, resulting in a reduced shareholding of 11.99% in Superloop.

Executive Commentary on Partial Sale

The partial sale of our shareholding in Superloop aligns with our strategic focus on optimizing our investment portfolio. This decision allows us to reallocate resources to further strengthen our position in the business, enterprise & government and wholesale segments, while maintaining our commitment to the residential segment.

Summary of Aussie Broadband's Announcement

Aussie Broadband (ASX: $ABB) has successfully completed the sale of a portion of its shareholding in Superloop, resulting in a reduced stake of 11.99%. The company remains dedicated to expanding its market share in the business, enterprise & government and wholesale segments, while also aiming to enhance its presence in the residential segment. This strategic move reflects Aussie Broadband's commitment to optimizing its investment portfolio and focusing on key areas of growth and opportunity.