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Superloop Announces Strategic Expansion with Acquisition of NuSkope

11 Sep 2017  |  10:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Strategic expansion with acquisition of NuSkope

Superloop announced that it has entered into an agreement to acquire NuSkope and associated entities RA-WIFI and RA-ADSL (together NuSkope). NuSkope also brings an energetic team with substantial retail fixed wireless experience and provides the platform and expertise to expand interstate and into to other geographic areas. It is looking to further invest in expanding the SA network and team into the future. NuSkope generated customer revenue of over $7.1m for the 2017 financial year (up from $4.1m for the 2016 financial year) and adjusted EBITDA of over $2.4m (up from $1.6m for 2016).

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