Superloop Limited (ASX:SLC) has announced the supply agreement contract for the INDIGO cable system to be built is now in force.
The supply agreement between all INDIGO consortium parties and Alcatel Submarine Networks, will also see the INDIGO cable system brought into operation.
The cable systems will connect the Pan Asian network via undersea fiber optic cables.
Superloop Limited (ASX:SLC) also recently acquired a member of the INDIGO consortium, SubPartners Pty Ltd, who are developing the INDIGO West and INDIGO Central networks which will connect Singapore, Indonesia and Australia.
Shares in Superloop Limited (ASX:SLC) opened at 1.3% higher at $2.33