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Superloop Ltd (SLC) Update, Management Reshuffle

In a public filing on Monday morning, ASX-listed Superloop Ltd (ASX:SLC) provided an in-depth company update to investors. 
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Owen Raszkiewicz

Owen is the Chief Investment Officer of Rask Invest and Founder of Rask. Since founding The Rask Group in 2017 in the hillside suburb of Upwey, Victoria, Owen has overseen the growth of the Rask platform to over 200,000 investor followers. He holds a Master's Degree of Applied Finance, Master's Degree of Financial Planning, and Bachelor's Degree in Technology.
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In a public filing on Monday morning, ASX-listed Superloop Ltd (ASX: SLC) provided an in-depth company update to investors.

Superloop is an Australian fibre and wireless network owner seeking to connect businesses and individuals to data services throughout the Asia Pacific region.

In its ASX announcement, Superloop said that its Founder Bevan Slattery has transitioned from CEO to Executive Director and Drew Kelton has commenced in the role of CEO.

Superloop also revealed that Ashleigh Loughnan has been appointed the head of HR and Adrian Martin will become VP of International Carrier Sales.

Jason Ashton, the co-founder of the wireless internet provider BigAir, which was acquired by Superloop in 2016; will step back from his executive role and take up a board position. In addition, Superloop’s GM of Sales and Marketing, Matthew Hollis, will step down from his role and remain as a director.

Company update

Superloop said around 75% of total cable from INDIGO West and Central is being loaded on to a vessel in France. The remaining 25% will be loaded on to a cable freighter in early July and set sail to Singapore before being loaded on to a vessel in August. Both marine operations are expected to be finished in December 2018.

Superloop also confirmed the national rollout of its Superbb activation. Superbb is expected to activate at all 121 of the National Broadband Network’s (NBN) points of interconnect by the end of the year. Also, Superloop said it has completed NBN business-to-business acceptance.

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