More and Tangerine are moving to the Aussie BB network to supply their nbn service.
Buddy Telco sells to Tangerine for an estimated $8 million and Buddy Telco customers will keep using the Aussie BB network.
Aussie Broadband Group (ASX:ABB) has signed an exclusive six-year wholesale agreement with More Telecom (More) to provide NBN network services to More and its jointly operated group company, Tangerine Telecom (Tangerine), delivering a material uplift in broadband connections and a significant platform for further earnings growth.
Separately, Aussie Broadband has agreed to sell the Buddy Telco brand and customer assets to Tangerine.
More and Tangerine connections (currently ~250,000) to be migrated to Aussie Broadband’s network in H2 FY26, boosting NBN broadband connections to approximately 1.04 million
More and Tangerine will continue to manage and operate their retail customer service functions and experience.
The Buddy brand and customers will transition to Tangerine and connections will remain on the Aussie Broadband network as part of the wholesale services agreement.
Nice one buddy