Today, September 11, 2017 - Superloop Limited (ASX: SLC) announced that it has entered into an agreement to acquire NuSkope Pty Ltd and associated entities RA-WIFI Pty Ltd and RA-ADSL Pty Ltd (together “NuSkope”).
NuSkope is a leading fixed wireless Internet Service Provider delivering advanced high-speed Internet access to homes, schools and businesses in South Australia. The company was established in 2007 as a specialist wireless network provider offering broadband to areas of metropolitan Adelaide which were typically in broadband black spots. Its reputation for superior performance and customer service has seen it grow rapidly extending its network coverage to the greater Adelaide regional area.
Bevan Slattery, CEO of the Superloop Group, said that the strategic acquisition of NuSkope delivered Superloop a portfolio of strategic assets including ownership of existing wireless network infrastructure, a sophisticated network coverage service qualification tool and valuable CRM database.
NuSkope also brings an energetic team with substantial retail fixed wireless experience and provides the platform and expertise to expand interstate and into to other geographic areas.
“We are very excited to be working with NuSkope and expanding our reach in the strategically important Adelaide market. 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 areas,” Mr Slattery said
Superloop is looking to further invest in expanding the South Australian network and team into the future. “The founders Michael, Rabih and Adam are some of the most innovative and efficient operators in this space and we are all committed to keep that going. I look forward to working with them and expanding their service offering.”
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 Australia.”