CFOtech Australia - Technology news for CFOs & financial decision-makers

Divestment stories

Melbourne sunset skyline fibre optic cable install construction

Swoop grows revenue 41% & boosts Melbourne fibre plan

Fri, 27th Feb 2026
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uc
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network infrastructure
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partner programmes
Swoop lifts first-half revenue 41% to AUD $64.1 million and accelerates a Melbourne fibre build backed by AUD $60 million in contracts.
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Swoop sees AUD $88.9m revenue boost, driven by fibre expansion

Thu, 29th Aug 2024
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strategy
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swoop
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divestment
Swoop, an Australian telecom firm, reported a 14% revenue boost to AUD $88.9m for FY24, thanks to organic growth and fibre infrastructure expansion.
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Swoop sells Voicehub to Pivotel for AU$9 million in strategic decision

Tue, 11th Jun 2024
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uc
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customers
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voice
Swoop Holdings sells its wholesale voice business, Voicehub, to Pivotel for AUD $9 million, refocusing on core markets post-strategic review.
Separation

CCL divests network services division

Thu, 5th Dec 2019
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network infrastructure
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sdn
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multi-cloud
Mark Jurgeleit, CCL's current network services general manager, will set up the network services division as a new business called Octave.
For sale bw

Vocus New Zealand, Aussie data centres on the chopping block

Tue, 24th Oct 2017
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orcon
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slingshot
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m&a
Vocus NZ is up to be put up for sale, with Australian parent Vocus Group also looking to sell the company's Aussie data centre assets.
Dick smith store 2

Woolworths sells Dick Smith chain to buyout firm for A$20M

Thu, 27th Sep 2012
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dick smith
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shares
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sales
Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.