BUZZ-Australia's Swoop hits nearly 2-month high on Flip TV deal

Swoop SWP.AX rises 11.8% to A$0.19; set for biggest intraday pct gain since Nov. 11, 2024

Telecom co signs agreement to provide wholesale internet services to Internet TV provider Flip TV

Says three-year pact entails transfer of Flip's 26,000 broadband consumers to internet service provider's network

Expects deal to bring in more than A$10 mln ($6.2 mln) in rev annually starting January

Stock hits its highest level since Dec. 10

SWP lost 30% last year

($1 = A$1.6085)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))