Superloop Acquires MyRepublic subscribers
- Superloop (SLC) signs a subscriber transfer agreement to acquire all of private internet service provider MyRepublic’s NBN subscribers from December 23
- If all users migrate, SLC will acquire approximately 52,000 subscribers at $250 per migrated subscriber, bringing the total consideration to around $13 million
- The acquisition is expected to add $6.5 million of earnings before interest, taxes, depreciation and amortisation (EBITDA) to Super loop in the first 12 months
- The bulk of MyRepublic customers are expected to migrate to the Super loop brand during February 2023
- Shares in the company are up 9.56 per cent and trading at 75 cents as of 1:14 pm AEDT
