22 June 2018
| Alan Burkitt-Gray
Australian carrier MNF has spent $1.5 million on Singapore’s SuperInternet as the first part of a planned expansion into south-east Asia.
SuperInternet is a facilities-based
operator with dark fibre in Singapore’s central
business district and a fully interconnected voice network
"This is the start," MNF’s CEO Rene Sugo told
Capacity. "We have domestic networks in Australia and
New Zealand – and now Singapore." He is looking "at other well-developed markets like Hong
Kong, Taiwan, South Korea and others", he added.
In 2016 MNF – formerly MyNetFone – bought a
global network, TNZI, the former Telecom New
Zealand International. "It is all complimentary," Sugo told
MNF described the SuperInternet business as "a niche operator
generating around S$1.6 million [US $1.17 million] in revenue"
and said it "is currently EBITDA break even", adding that it
has "potential for new revenues in the near future".
MNF said it plans to upgrade the existing network
infrastructure with its software ecosystem, "enabling the full
suite of MNF wholesale, enterprise and government products to
be delivered domestically, and globally".
The company expects the acquisition to be complete by the end
of July 2018.
MNF – which has a point of presence in Singapore as
part of its TNZI operation – already has a
relationship with SuperInternet: it provides enablement,
networking and numbering services in Australia and New Zealand
under the group’s domestic and global wholesale
"This acquisition provides the group with additional
capabilities to address the Singapore market, which will
provide increased sales potential with existing and new
wholesale customers," said MNF. "The company will also continue
to invest in the enterprise and government sector in Singapore
and deploy additional product capabilities into the
Sugo said the acquisition will allow MNF "to replicate its
highly successful Australian and New Zealand based
next-generation high margin recurring revenues in this
additional market for consistent long-term growth and