Australia's Swoop hits over 6-year low on $3 million asset divestment

** Shares of Australia's Swoop Holdings SWP.AX fall as much as 7.6% to A$0.061, their lowest level since late July 2020

** Shares mark their biggest intraday pct loss since September 3

** The telecom company signs a deal with unit of fibre network provider Xenith Infrastructure Group to sell Sydney-based fibre assets for about A$4.5 million ($3.16 million)

** Co says deal is expected to occur in Q3 FY27

** Adds proceeds from divestment will be applied towards debt reduction, others

** More than 157,000 shares change hands, about 1.9x the 30-day average

** SWP stock down 13.9% so far this week, extending losses to second consecutive week

** YTD, stock down 38%, including session's moves

($1 = 1.4255 Australian dollars)