Swoop Agrees To Sell Sydney Fibre Assets As Cash Receipts Improve
Closing price · 2026-10-27: $0.066 · +6.45%
Swoop agreed to sell its Sydney fibre assets to Xenith for approximately $5 million, with proceeds expected in the third quarter of FY27, subject to customary conditions including foreign investment approval. Customer receipts less product and operating costs rose to $7 million from $5 million in the prior quarter, while net operating cash outflow was $2 million; cash at quarter end was $6 million. The previously announced Melbourne fibre sale for $11 million remains subject to approval, expected in the second quarter of FY27.