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

Marquis Software Confirms Data Theft of 672K Bank Customers in Ransomware Attack

The cyberattack raises concerns about data security in the banking sector.Highlights: Marquis Software data breach impacts 672,000 bank...

NCR Strengthens Focus by Offloading Japanese Bank Technology Business to NTT Data

NCR transfers its Japanese banking tech operations to enhance strategic focus.Highlights: NCR sells its Japanese banking technology business...

Agentic Workforce Initiative Enhances Financial Institutions’ Performance

New platform aims to optimize operations for banks and financial service providers.Highlights: New Agentic Workforce initiative launched for...

Tempo Blockchain Goes Live with Machine Payments Protocol

New technology enhances automated transactions in blockchain space.Highlights: Tempo Blockchain officially launches its machine payments protocol.The new technology...