Thursday, February 25, 2021

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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

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