Less than 1 min.Read

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

February 22, 2021

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