Superloop Acquires SubPartners and Joins INDIGO Consortium

According to Superloop announcement on April 6, Superloop has acquired all the issued shares of SubPartners for US$2.5 million. SubPartners has just teamed up with AARNet, Google, Indosat Ooredoo, Singtel, and Telstra to build the INDIGO cable system connecting Singapore, Indonesia and Australia. With the acquisition of SubPartners, Superloop has inherited its membership in the INDIGO consortium.

SubPartners was founded by Mr. Bevan Slattery in 2013. SubPartners initiated the APX West and APX Central subsea cable project, which is now renamed as INDIGO. 

Total capital expenditure by SubPartners in relation to the INDIGO cable systems is expected to be between US$35 million and US$37 million from FY17 until FY20. The INDIGO cable system is currently expected to be completed by mid-2019. Once complete, SubPartners will have access to dedicated fibre spectrum capable of supporting initial capacity of at least 4.5 terabits per second. 

SubPartners is also responsible for the procurement, provision, operation and maintenance of the shore end infrastructure for INDIGO Central in Sydney and will receive fees of approximately US$5.3 million from the INDIGO consortium over FY17 and FY18.

Superloop is also founded by Mr. Bevan Slattery in 2014, as an Asia Pacific network provider with substantial network assets in Australia, Singapore and Hong Kong. 

Superloop has launched its HKCore infrastructure service. The first phase of Superloop's Hong Kong core network officially went live in December 2016. Encompassing 110 km, the network combines three campus loops – Chai Wan, Tseung Kwan O Industrial Estate (TKOIE) and Tsuen Wan – with diverse backbone links connecting the campuses. In anticipation of future bandwidth demand the network is comprised of two 1,000 core cables, making it the largest fibre core count deployment to date in the Asia Pacific region.

As a unique component of Superloop's HKCore, Superloop has completed the TKO Express, the first domestic submarine cable to link Hong Kong Island to the Mainland. The TKO Express offers truly geographically diverse and short, low-latency path connecting Chai Wan and Tseung Kwan O Industrial Estate (TKOIE), the New Territories’ emerging technology hub. 

Source of figure: Superloop