Superloop (company)

Last updated

Superloop Limited
Company type Public
ASX:  SLC
IndustryTelecommunications
Founded2014 (2014)
Founder Bevan Slattery
Key people
Paul Tyler (CEO)
Subsidiaries Exetel
Website superloop.com

Superloop is an Australian telecommunications company and ISP. It was founded in 2014 by Bevan Slattery.

Contents

History

Superloop was founded by Bevan Slattery in 2014 when Slattery spun off the dark fibre infrastructure assets from his Megaport business. [1] Superloop was listed on the Australian Securities Exchange (ASX) in June 2015. [2] In October 2015, Superloop acquired Apex Networks for $5.8 million followed by Cinenet Systems for $3 million in November. [3] [4] In September 2016, Superloop acquired BigAir. [5]

In June 2021 Superloop acquired Internet service provider Exetel for $110 million in cash and shares. [6] In October Superloop announced it would sell its Hong Kong subsidiary and certain assets in Singapore to Columbia Capital and DigitalBridge Investment Management for $140 million. [7] The sale was completed in April 2022. [8]

In May 2022 Superloop acquired white label business Acurus for $15 million. [9] In September that year, Superloop acquired VostroNet for $35 million in cash and shares. [10] After MyRepublic decided to exit the Australian market in December 2022, customers were migrated to Superloop. [11] In August 2023, Superloop announced its intention to acquire Symbio but it was eventually outbid by Aussie Broadband. [12] [13]

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References

  1. ↑ Karlovsky, Brian (8 April 2015). "Megaport spin-off Superloop names new CEO". www.arnnet.com.au. Retrieved 15 August 2023.
  2. ↑ Kiernan, Steven (4 June 2015). "Bevan Slattery's Superloop goes public on ASX". CRN Australia. Retrieved 15 August 2023.
  3. ↑ Foye, Brendon (8 October 2015). "Superloop spends $5.8m to buy Australian ISP Apex Networks". CRN Australia. Retrieved 15 August 2023.
  4. ↑ Foye, Brendon (23 November 2015). "Superloop gets US foothold with $3 million acquisition". CRN Australia. Retrieved 15 August 2023.
  5. ↑ Kiernan, Steven (13 September 2016). "Superloop buys BigAir to create NBN rival for enterprises". CRN Australia. Retrieved 15 August 2023.
  6. ↑ Crozier, Ry (8 June 2021). "Superloop to buy Exetel for $110m". iTnews. Retrieved 15 August 2023.
  7. ↑ "Superloop shares up 20 per cent on HK, Singapore asset sales". Business News Australia. 18 October 2021. Retrieved 15 August 2023.
  8. ↑ Simmons, David (29 April 2022). "Superloop rises on completion of $140 million in divestments". Business News Australia. Retrieved 15 August 2023.
  9. ↑ Chirgwin, Richard (25 May 2022). "Superloop buys Acurus for $15 million". iTnews. Retrieved 15 August 2023.
  10. ↑ "Superloop to acquire VostroNet for $35m". iTnews. 26 September 2022. Retrieved 15 August 2023.
  11. ↑ Yu, Eileen (23 December 2022). "MyRepublic exits Australia broadband market to refocus on 'profitability'". ZDNET. Retrieved 15 August 2023.
  12. ↑ Karen, Sasha (1 August 2023). "Superloop poised to acquire Symbio". ARNnet. Retrieved 15 August 2023.
  13. ↑ Wiggins, Jenny (31 October 2023). "Symbio agrees to $262m takeover by Aussie Broadband" . Australian Financial Review. Retrieved 4 November 2023.
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