Superloop Snaps Up SubPartners

Asia Pacific fibre networks operator Superloop has acquired all the issued shares of SubPartners for $2.5 million.

SubPartners was established to develop international cable systems capable of providing connectivity between Australia and the rest of the world.

The acquisition of SubPartners should deliver Superloop strategic assets including ownership of international submarine cable capacity as a member of the Indigo consortium which is constructing the Indigo West cable (Singapore to Perth) and the Indigo Central cable (Perth to Sydney).

The acquisition will also deliver Superloop a team with substantial submarine cable experience and an ability to lead or participate in other future potential undersea cable investments.

The INDIGO cable system is currently expected to be completed by mid-2019. Once complete, Superloop will have access to dedicated fibre spectrum capable of supporting initial capacity of at least 4.5 terabits per second. Due to the nature of the spectrum ownership Superloop will be able to further increase capacity as technological advancements are made.

Bevan Slattery, chairman and CEO of the Superloop, said: “We are very excited by the prospect of offering customers a fully meshed Pan-Asian network, connecting the existing metropolitan networks which we own and operate. Once the cables are complete, we will have
even more capacity to meet growing customer demand across the region.”

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Deepwater Operations Conference & Exhibition

The Deepwater Operations Conference and Exhibition provides a unique experience for attendees and exhibitors to share…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

Rio Pipeline 2017

Rio Pipeline Conference & Exhibition has changed its branding design, to unify the whole pipeline community, in an even more complete event…

read more >