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Swoop Raises $10M to Power Melbourne Fibre Expansion—What’s Next?
1:23pm on Wednesday 3rd of December, 2025 AEDT
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Telecommunications
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Swoop Raises $10M to Power Melbourne Fibre Expansion—What’s Next?
1:23pm on Wednesday 3rd of December, 2025 AEDT
Key Points
Partially underwritten $10 million entitlement offer at $0.10 per share
FY25 revenue up 20% to $106.5 million with positive free cash flow of $5.1 million
Strategic focus on mobile MVNO, nbn services, and Melbourne fibre network
Board Chair steps down; new independent directors to be appointed by March 2026
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