Superloop: Wins $25M contract with MNF Group’s Symbio

  • Internet services provider, Superloop (SLC) has won a contract with ASX-listed MNF Group’s (MNF) subsidiary, Symbio
  • The multi-year contract expected to valued at more than $25 million which makes it Superloop’s largest single contract win so far
  • Under the contract, Symbio will shift its existing and future supply arrangements from various nbn services onto the Superloop Connect platform
  • MNF Group’s CEO, Rene Sugo, says he chose Superloop due to its state-of-the-art platform and the strength of its underlying network
  • The contract may also see Superloop expand its existing use of Symbio’s voice offerings and including elements within its own portfolio of offerings
  • Superloop is up 6.12 per cent and shares are trading at $1.04 and MNF Group is down a slight 0.94 per cent with shares trading at $4.21
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

NYSE Faces $9 Million Fine from SEC Over Trading Glitch

Regulatory action follows significant trading errors affecting market operations.Highlights: NYSE fined $9 million by SEC for a trading...

Stablecoin Startup Kast Raises $80 Million to Accelerate Growth

Funding aims to expand operations and enhance offerings in the stablecoin sector.Highlights: Kast raises $80 million inSeries A...

Nasdaq Connects European Trading Venues to Seturion Tokenized Asset Platform

New integration aims to enhance trading efficiency in Europe.Highlights: Nasdaq links European trading venues to Seturion platform.Integration focuses...

Irish Banks Launch P2P Payments Service to Enhance Digital Transactions

New service aims to simplify peer-to-peer money transfers in Ireland.Highlights: Irish banks have introduced a new P2P payments...