Swoop enters dark fibre market
Fixed wireless and wholesale network infrastructure provider Swoop Holdings Limited (Swoop) has agreed to acquire the dark fibre network assets and customers of iFibre — an Adelaide-based company providing network connectivity to businesses in South Australia.
Swoop has acquired 34 km of fibre in the Adelaide CBD and outer metro areas, connecting key data centres and commercial buildings.
The $1.5m acquisition will be funded from existing cash reserves and is expected to complete on 31 January 2022.
“Acquiring iFibre’s dark fibre network is a great opportunity to commence our investment in this space. The 34 km network covers the major interconnection points and data centres as well as the CBD of Adelaide,” Swoop CEO Alex West said.
“Predominantly built in its own ducts and with low utilisation, the acquisition represents significant value for Swoop, compared to us beginning an organic build.
“Having previously been responsible for fibre operations at Vocus, we know both the technical and business aspects of dark fibre incredibly well. The team and I are excited to be entering this market again with a network that is immediately ready for sale by our teams.”
Australian orgs expect risk and security issues to worsen
Ahead of the introduction of new risk management reporting requirements, the latest research...
Lumify Group acquires Wizard Corporate Training
Lumify Group has expanded its range of professional development courses through the acquisition...
Mimecast buys collaboration security platform Aware
Mimecast aims to enhance its human risk management capabilities through the acquisition of AI...
