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Superloop (company)

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Superloop Limited
Company typePublic
ASX: SLC
IndustryTelecommunications
Founded2014 (2014)
FounderBevan Slattery
Key people
Paul Tyler (CEO)
SubsidiariesExetel
Websitesuperloop.com

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

History

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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]

References

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  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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