Processing timeline
6
days
Acquirer(s)
SUPERLOOP LIMITED ABN - 96 169 263 094
Target(s) or Vendor(s)
LYNHAM NETWORKS PTY. LTD. ABN - 17 602 258 337
Other parties
None listed
Superloop Limited is acquiring 100% of the shares in Lynham Networks Pty. Ltd. This transaction combines two telecommunications providers, both involved in retail broadband services and the operation of wholesale fibre-to-the-premises networks across Australia.
Superloop Limited (ASX: SLC) ( Superloop ) proposes to acquire 100% of the shares in Lynham Networks Pty. Ltd. ( Lynham Networks ). Superloop’s core business is retail broadband services, operating as a retail service provider ( RSP ) supplying broadband services to end users, primarily using the NBN network as well as a private fibre-to-the-premises ( FTTP ) network. Superloop also has a number of wholesale FTTP networks under its subsidiaries, VostroNet and Frontier, which are statutory infrastructure providers ( SIP ) that build and operate wholesale access FTTP broadband networks for declared service areas. Superloop provides retail fixed broadband services on its FTTP network as well as wholesaling FTTP services to other RSPs on a non-discriminatory basis. Lynham Network is a FTTP network operator and SIP supplying wholesale, open access network services that enable RSPs to sell fixed broadband services to end customers. Its core business involves building and operating fibre networks primarily for new residential and mixed-use developments. Lynham Network also has a retail arm, Lightning Broadband, which sells broadband services to residential and business customers but only over the Lynham FTTP network. Lynham does not offer broadband services over the NBN network.