Superloop (ASX:SLC) ready to monetise assets

Company News

by Ortenzia Borre

Superloop (ASX:SLC) has reported it's well positioned to monetise assets and this past year has seen the completion of the two final pieces of their Pan-Asia Pacific core network ‘loop’ as well as significant corporate activity including two capital raises, a debt facility extension and restructuring and refocusing the Company on their core assets.

Despite the news, the company says delivery of the core network projects had been "capital intensive", although it's nearing the end of this investment and are well positioned to monetise these assets to deliver long-term shareholder value.

It added that Superloop is already seeing the benefit of its investments and has a strong sales pipeline.

Shares in Superloop are trading 1.32 per cent higher at $1.15.