Swoop: Diving into Newcastle

By Nick Harris

07 October 2021, 8:00 AM

Swoop (ASX:SWP) has announced the acquisition of Newcastle based telco Countrytell. Strategically the deal makes sense and financially it is highly accretive. SWP is paying 4.2x FY22F EBITDA vs trading on ~35x (yesterdays close and excluding earnings from todays acquisitions).

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