ABB taking over some UNITI NBN connections, page-19

This came through on the Dow Jones news wire on June 9.
Jumped on at $2.77 so happy days so far

0017 GMT - Aussie Broadband retains its buy rating from Shaw & Partners on the back of the stock's recent underperformance and analysts' broadly positive view of the telecommunications sector. The Shaw analysts point out in a note to clients that the fixed-line communication provider's shares have slipped at a time when those of peers have risen, which they say ignores a strong 1H core margin result that will likely flow through to 2H. The market's valuation also underestimates the growth opportunity before Aussie Broadband, which is increasing subscriber numbers and improving earnings. Shaw has a A$5.50 target price on the stock and sees the current drift as an opening. Shares are up 0.7% at A$2.76. ([email protected]; @StuartLCondie)