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13 September 2017
| James Pearce
Superloop has struck a AUD$10 million deal to buy Australia-based fixed wireless service provider NuSkope.
The deal will see dark fibre
provider Superloop pay AUD$7 million in cash and $3 million in
shares to acquire NuSkope, which operates in South Australia
and was set up in 2007.
Superloop CEO Bevan Slattery said the deal would expand the
company’s presence in the region by giving it
ownership of existing wireless infrastructure, along with a
network coverage service qualification tool and a CRM
"We are very excited to be working with NuSkope and
expanding our reach in the strategically important Adelaide
market," Slattery added. "This acquisition will drive
Superloop’s capability to address the increasing
appetite for wireless connectivity solutions and compliment the
BigAir wireless infrastructure acquired in late 2016.
"The NuSkope team has built a leading position in the South
Australian market and has developed impressive systems and
processes which will enhance our ability to service our
wholesale customers and strengthen our ability to compete and
meet growing customer demand across the region and in new
Superloop said the acquisition will offer a number of
strategic benefits for the firm, including giving it access to
technology, software and systems that will add significant
value to the combined group and assist in further strengthening
its wholesale access offerings to the market.
The deal, which is subject to due diligence and regulatory
approvals, is expected to be completed in October 2017.
Michael Blake, Chief Technology Officer and Co-Founder of
NuSkope, said "We are excited to be a part of the Superloop
Group and continue the expansion of our network. Combining
Superloop Group’s infrastructure, including
BigAir, will help us accelerate into more markets across
mergers and acquisitions,