Superloop has announced the acquisition of subsea cable system company SubPartners in a deal which Superloop founder Bevan Slattery says will increase capacity on its subsea cable network to meet growing customer demand.
SubPartners was originally established to develop high performance secure international cable systems capable of providing improved connectivity between Australia and the rest of the world.
Slattery said on Thursday the acquisition of SubPartners will deliver Superloop - a dark fibre connectivity services provider - strategic assets including ownership of international submarine cable capacity as a member of the Indigo consortium which is constructing the Indigo West cable between Singapore and Perth) and the Indigo Central cable linking Perth to Sydney.
As reported by iTWire today a consortium of major tech players including Google and Telstra have joined forces to build the new Indigo subsea cable system under an agreement with Alcatel Submarine networks (ASN).
{loadposition peter}As well as Google and Telstra, the consortium includes AARNet, Indosat Ooredoo, Singtel and SubPartners, and will build the new Indigo cable system to connect Singapore, Indonesia and Australia.
Slattery says the acquisition of SubPartners will also deliver Superloop a team with substantial submarine cable experience and “an ability to lead or participate in other future potential undersea cable investments”.
He also said the acquisition of SubPartners has significant strategic benefits for the Superloop Group by providing the basis for connectivity between existing metropolitan networks and creating a broad inter-connected Pan-Asian network.
The announcement from Superloop also notes that through the ability to swap capacity for access to other international cable systems, it will also open up access to new markets and customers.
Slattery says acquiring SubPartners accelerates access to international capacity which would otherwise take time to establish, with the company benefiting from these time to market savings and from the work SubPartners has already undertaken including developing the Indigo West and Central projects, assisting the establishment of the Indigo consortium and assisting in negotiating the various commercial arrangements between members of the Indigo consortium.
Slattery says Superloop will be able to configure and expand its cable capacity, independently of the other Indigo consortium members, allowing it to offer Singapore to Perth, Perth to Sydney and Singapore to Sydney routes to match customer requirements.