Superloop is an Australian telecommunications company and ISP. It was founded in 2014 by Bevan Slattery.
| Company type | Public |
|---|---|
| ASX: SLC | |
| Industry | Telecommunications |
| Founded | 2014 |
| Founder | Bevan Slattery |
Key people | Paul Tyler (CEO) |
| Subsidiaries | Exetel |
| Website | superloop |
History
editSuperloop 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
edit- ^ Karlovsky, Brian (8 April 2015). "Megaport spin-off Superloop names new CEO". www.arnnet.com.au. Retrieved 15 August 2023.
- ^ Kiernan, Steven (4 June 2015). "Bevan Slattery's Superloop goes public on ASX". CRN Australia. Retrieved 15 August 2023.
- ^ Foye, Brendon (8 October 2015). "Superloop spends $5.8m to buy Australian ISP Apex Networks". CRN Australia. Retrieved 15 August 2023.
- ^ Foye, Brendon (23 November 2015). "Superloop gets US foothold with $3 million acquisition". CRN Australia. Retrieved 15 August 2023.
- ^ Kiernan, Steven (13 September 2016). "Superloop buys BigAir to create NBN rival for enterprises". CRN Australia. Retrieved 15 August 2023.
- ^ Crozier, Ry (8 June 2021). "Superloop to buy Exetel for $110m". iTnews. Retrieved 15 August 2023.
- ^ "Superloop shares up 20 per cent on HK, Singapore asset sales". Business News Australia. 18 October 2021. Retrieved 15 August 2023.
- ^ Simmons, David (29 April 2022). "Superloop rises on completion of $140 million in divestments". Business News Australia. Retrieved 15 August 2023.
- ^ Chirgwin, Richard (25 May 2022). "Superloop buys Acurus for $15 million". iTnews. Retrieved 15 August 2023.
- ^ "Superloop to acquire VostroNet for $35m". iTnews. 26 September 2022. Retrieved 15 August 2023.
- ^ Yu, Eileen (23 December 2022). "MyRepublic exits Australia broadband market to refocus on 'profitability'". ZDNET. Retrieved 15 August 2023.
- ^ Karen, Sasha (1 August 2023). "Superloop poised to acquire Symbio". ARNnet. Retrieved 15 August 2023.
- ^ Wiggins, Jenny (31 October 2023). "Symbio agrees to $262m takeover by Aussie Broadband". Australian Financial Review. Retrieved 4 November 2023.