Superloop, MNF Group sign multi-year agreement for nbn aggregation services

  • February 22, 2021 03:06 PM AEDT
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

Superloop, MNF Group sign multi-year agreement for nbn aggregation services

Source: Shutterstock

Summary

  • Superloop Limited has secured a multi-year contract with MNF Group’s Symbio to become the exclusive supplier of wholesale nbn aggregation services.
  • The agreement, worth over A$25 million, is Superloop’s biggest single contact to date.
  • The Company aims to develop its Superloop Connect platform to allow additional products & services from its APAC and Global offerings via its platform.
Gold MTF non-AMP

A prominent independent provider of connectivity services in Asia-Pacific, Superloop Limited (ASX:SLC) has won a multi-year contract with MNF Group Limited’s (ASX:MNF) Symbio. As part of the agreement, Superloop would become the exclusive supplier of wholesale nbn aggregation services.

Source: Copyright © 2021 Kalkine Media Pty Ltd.

MNF group chose Superloop Limited as its partner for the provision of nbn aggregation services due to state of the art Superloop Connect platform along with the strength of its underlying network. SLC’s network has been designed for nbn network services, and it has built significant capacity to cater to the constant expansion that it is expecting across Australia.

More About the Agreement with MNF Group Limited:

The contract signed between Superloop and MNF Group has an expected value of more than A$25 million. In its media release, the Company highlighted that this represented the largest single contact that it has won to date.

As per the deal, Symbio will novate its present and future supply agreements from several providers of nbn aggregation services onto the Superloop Connect platform. Further, the agreement requires SLC to expand its current use of Symbio’s range of voice offerings & involving elements within its range of offerings.

Features of Superloop’s nbn aggregation services:

SLC’s nbn aggregation services are being provided on its Superloop Connect platform. This platform is a frictionless, API driven platform that enables customers to access the Company’s market-leading nbn backhaul & virtual nni capabilities in a cost-efficient manner. These capabilities have been implemented at a national level. Thus, letting SLC’s clients an entirely digital mechanism to order, provision and ensure nbn business & consumer facilities anyplace on nbn’s fixed-line along with wireless footprint. The Company provides those services to any of the mainstream data centres in Australia.

In the upcoming period, the Company aims to develop its Superloop Connect platform further to allow additional products and services from its APAC and Global offerings through its platform.

Stock Information: At AEDT 2:04 PM, SLC shares were trading at A$1.025, up 4.591% from the previous close. The Company has a market cap of A$358.54 million.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK