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Swoop dives on SA-based Beam Internet for $6.7M $6 million in cash and $700,000 in Swoop shares. Alex West (Swoop) Credit: Swoop Fixed wireless and wholesale network infrastructure provider Swoop has acquired South Australia-based wireless broadband provider Beam Internet for a total of $6.7 million.  Under the terms of the deal, which is expected to close in one to three weeks time, the publicly listed provider will pay $6 million in cash and $700,000 in its own shares for the provider, with $1.3 million of the cash to be held back for 12 months for any potential claims and adjustments.  Beam Internet offers wireless broadband to regional South Australia with a network of over 60 towers and masts, and has over 3,600 on-net residential and small- to medium-sized enterprise (SME) services in operation. 

Western australiaKangaroo islandSouth australiaFleurieu peninsulaAustralian securities exchangeAlex westSouth australia basedBeam internetMid northMurray bridgeSouth eastWest victoriaSouth australianமேற்கு ஆஸ்திரேலியாகங்காரு தீவுதெற்கு ஆஸ்திரேலியா