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Superloop in deal to buy wireless provider NuSkope

Dark fibre connectivity services provider Superloop has entered into an agreement to acquire Internet service provider NuSkope for $7 million in cash and $3 million in Superloop shares.

South Australia-based NuSkope is a fixed wireless ISP, set up in 2007.

Bevan Slattery, chief executive of the ASX-listed Superloop,  said the acquisition gave his company ownership of existing wireless network infrastructure, a network coverage service qualification tool and a CRM database.

He said NuSkope also had in its ranks experienced staff who would help expand into other areas.

“We are very excited to be working with NuSkope and expanding our reach in the strategically important Adelaide market," Slattery said. 

"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."

Slattery said Superloop was looking at further expansion in South Australia. “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."

In a statement, NuSkope said: "We do not anticipate any significant changes to the business. NuSkope will continue to operate from our South Australian offices, with South Australian staff, under the management of the original founders. All current customer plans and services will continue unaffected by the sale." 

It added that it expected to become a national provider in the next few years and also see expansion into urban and regional centres "at an incredibly fast rate".

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A professional journalist with decades of experience, Sam for nine years used DOS and then Windows, which led him to start experimenting with GNU/Linux in 1998. Since then he has written widely about the use of both free and open source software, and the people behind the code. His personal blog is titled Irregular Expression.

 

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