Superloop: INDIGO undersea cable network contract in force

Company News

by Jessica Amir

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
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.