Telco Superloop has signed a $15 million conditional sale and purchase agreement with Melbourne-based white label and technology consultancy firm Acurus.
Superloop announced the successful completion of the sale of Superloop (Hong Kong) and select assets from Superloop (Singapore) to Columbia Capital and DigitalBridge Investment Management.
The sale was first announced in October 2021. The gross sale price, before the cost of the Indefeasible Right of Use ('IRU') purchased by Superloop, remained unchanged at A$140 million, with cash settlement proceeds of approximately A$125 million.
More than 8.5 million residential broadband services are now on the NBN, and over 75% of them are on high speed services of at least 50 Mbps, the ACCC’s latest NBN Wholesale Market Indicators Report reveals.
At 30% premium to carrying value, the sale accelerates monetisation of Superloop’s Asia Pacific assets, provides flexibility for Superloop to continue investing in growth.
Network operator Superloop has announced the retirement of founder and chair Bevan Slattery from its board. Peter O'Connell has been appointed to the board as non-executive chair.
Superloop says, strong FY2021 full-year results reflect its strategic focus, underlying growth, and profitable execution in operations and customer acquisition.
Broadband speeds have been hitting records during the pandemic, with RSPs now able to deliver almost 94% of the plan speed during the peak evening hours, the Australian Competition and Consumer Commission says.
Australian-listed fibre networks provider Superloop has entered into a strategic partnership with enterprise-grade network and collaboration solutions company Comscentre to enable the delivery of network, hosted and managed services to Comscentre customers at claimed speeds of 90Gbps and beyond.
Data centre operator NextDC has launched its first micro data centre, located in Perth's CBD.
Data centre operator NextDC has sealed a deal for APAC network provider Superloop to connect the new Indigo subsea cable system to its data centres in Perth and Sydney.
Australian-listed satellite company Sky and Space Global has appointed 25-year telco and technology industries veteran Michael Malone as its chairman.
Installation of the INDIGO Central subsea cable is due to be completed in early December, and will provide a “new and unique” subsea communications link between Sydney and Perth.
Connectivity and managed services provider Superloop has announced profit after tax of $7.1 million, its first, in its annual results for the year 2017-18. In the previous financial year, the company had made a loss of $1.2 million.
Southern Cross Cables has completed the Sydney bore for its Next subsea cable and finalised a deal that makes fibre network operator Superloop a direct customer.
Networking and infrastructure group Superloop has increased its presence in the NBN retail market with its purchase of the broadband customer base of SkyMesh, the Australian subsidiary of Bigblu Broadband.
Networking and infrastructure group Superloop is to fully integrate its upcoming INDIGO submarine cable capacity into the Superloop metropolitan fibre networks in Singapore, Perth and Sydney.
Networking and infrastructure group Superloop says that "significant progress" has been made on construction of the Indigo submarine cable connecting Singapore, Jakarta, Perth and Sydney.
Networking and infrastructure group Superloop has signed an agreement to buy managed connectivity services provider GX2 Holdings for $6 million in cash plus $4 million in Superloop shares.
High-profile ICT industry entrepreneur Bevan Slattery will deliver the Telsoc 2017 Charles Todd Oration at an event in Sydney on 26 October.
Dark fibre connectivity services provider Superloop has entered into an agreement to acquire Internet service provider NuSkope for $7 million in cash and $3 million in Superloop shares.
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