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.”