Alex West resigns from Swoop following aggressive acquisitions and divestments
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.
Founder, Amcom
| Role | Organisation | Sources |
|---|---|---|
| Chairman | Swoop | ARN (ARNnet) (Tue 7 Jul 2026), ARN (ARNnet) (Thu 18 Feb 2021), ARN (ARNnet) (Mon 11 May 2020) |
| Deputy Chair (former) | Vocus | ARN (ARNnet) (Sun 26 Jul 2020), ARN (ARNnet) (Mon 11 May 2020) |
| Director (former) | iiNet | ARN (ARNnet) |
| Founder | Amcom | Startup Daily, ARN (ARNnet) (Thu 18 Feb 2021), ARN (ARNnet) (Sun 26 Jul 2020) |
Stories naming Tony Grist. 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.
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.
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Roundup: Facebook blocks Australian news publishers including Startup Daily; Deliveroo loses a Dutch rider classification appeal; telco Swoop agrees a $61.3 million reverse takeover with Stemify to reach the ASX; NBN paid executives bonuses.
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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.
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Western Australian fixed wireless provider NodeOne received investment from Tattarang and CVC to expand its network and business offering; the Forrest family also previously took a stake in Swoop.
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.