Australia’s Superloop no longer a takeover target

24 August 2020 - 12:00 am UTC

Australian broadband provider Superloop is no longer for sale, its chief executive said at the group’s full-year results briefing today.

Drew Kelton said efforts to secure a capital injection from an investor were called off after the company raised AUD 92.2m (USD 66m) from existing shareholders last September.

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Australia’s Superloop no longer a takeover target

Australian broadband provider Superloop is no longer for sale, its chief executive said at the group’s full-year results briefing today.