I am pretty sure Phil has already covered this.
https://www.itnews.com.au/news/aussie-broadband-says-some-customers-are-switching-providers-to-get-high-speed-nbn-discounts-563411
People are simply chasing discounts that cannot be offered to existing customers. ABB also offered these same discounts during the same period of time. I believe some RSPs have continued some of the discounts for a period of time but based on costs, they are likely losing money.
ABB has always had a referral program in place, this is not new. The amount suggests they might have signed up to a business plan unless there is a promotion or change to the $ value for residential services.
Ann: Share Purchase Plan Offer Booklet, page-31
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Last
$3.63 |
Change
0.010(0.28%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $3.60 | $3.65 | $3.59 | $3.716M | 1.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 619 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 6354 | 1 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$3.64 |
Change
0.010 ( 0.61 %) |
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| Open | High | Low | Volume | ||
| $3.61 | $3.64 | $3.59 | 314837 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| ABB (ASX) Chart |