Setback for QIC bid to acquire Superloop
Superloop’s board says it has ended exclusive sales discussions with QIC Private Capital, after the two failed to reach an agreement on a possible acquisition of the network operator by QIC
Superloop’s board says it has ended exclusive sales discussions with QIC Private Capital, after the two failed to reach an agreement on a possible acquisition of the network operator by QIC
Superloop today revealed that QIC subsidiary QIC Private Capital Pty Ltd had made an unsolicited, non-binding acquisition offer for the ASX-listed network operator.
Network operators have called for the Australian Competition and Consumer Commission to back away from proposed rules that would allow the ACCC to collect a range of new data about the state of Australia’s dark fibre and NBN wholesale aggregation markets.
Connection to the INDIGO subsea cable system will be offered from NextDC’s P1 and P2 data centres in Perth as well as its Sydney S1 and S2 facilities.
Jon Tidd will replace Paul Jobbins as the Superloop’s chief financial officer, the network operator announced today.