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 the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.