CEO, Swoop
Stories naming Alex West. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Swoop's chief executive is leaving the ASX-listed telco, with interim directors named, as its record of buyouts, divestments and fundraising draws sharp public criticism.
Telco Swoop divests its incomplete Melbourne fibre network to Xenith's Australian arm for $11 million, proceeds going to debt repayment; the story also recalls Voicehub's 2024 sale to Pivotel for $9 million.
Also ARN (ARNnet)
Australian fixed wireless carrier Swoop Telecommunications debuts on the ASX under ticker SWP after a $20 million underwritten capital raising, having earlier completed a $61.3 million reverse takeover via Stemify.
Also ARN (ARNnet)
Swoop Telecommunications and NodeOne are to list on the ASX via a $61.3 million reverse takeover with Stemify, backed by Tattarang and founders James Spenceley and Tony Grist, plus a planned $20 million raise.
Also ARN (ARNnet)
Network provider Swoop, formerly Cirrus Communications, has agreed to acquire Anycast Networks and ISP DCSI, gaining assets, staff and customers. Its earlier capital raising counted Minderoo, James Spenceley and Tony Grist as investors.