Except Origin wasn't/isn't low margin. They are a good margin "layer 3" white label customer today (ABB provides NBN & helpdesk).
They were trying to negotiate a "layer 2" white label solution (ABB provides NBN, Origin does helpdesk itself). ABB have stated this deal was lower margin/less valuable then the L3 one, and therefore was less of a "loss".
Which doesn't change the fact that by October, ABB will have lost ~140k "good margin" L3 subscribers.
From memory ABB adds about 25k-35k subs/qtr net, so this feels like more of a "thing" to me.
ABB General Discussion, page-20
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Last
$3.75 |
Change
0.030(0.81%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $3.68 | $3.75 | $3.66 | $1.059M | 285.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 550 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.75 | 10714 | 4 |
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| ABB (ASX) Chart |