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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.