News: AYS Amaysim Australia Announces Sale Of Fixed Line Broadband Customer Base

Oct 26 (Reuters) - Amaysim Australia Ltd (AYS) :

• ANNOUNCES SALE OF FIXED LINE BROADBAND CUSTOMER BASE
• ENTERED INTO AN ASSET SALE DEED WITH SOUTHERN PHONE COMPANY LTD
• AGREEMENT TO SELL ITS FIXED LINE BROADBAND CUSTOMER BASE FOR A PURCHASE PRICE OF APPROXIMATELY $3 MILLION
• EXPECTS TO RECOGNISE A NON-CASH IMPAIRMENT OF ABOUT $7 MILLION PRE-TAX AND WRITE DOWN CARRYING VALUE OF BROADBAND ASSETS TO ZERO
• IMPAIRMENT CHARGES TO BE REMOVED FROM UNDERLYING PERFORMANCE IN 2019 FY RESULTS