Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Join Free
Log in

Nextdc Ltd Wires Superloop INDIGO Deal: Everything You Need To Know

Nextdc Ltd (ASX:NXT) announced this morning that it has signed an agreement with Superloop Limited (ASX:SLC) to provide connectivity to the INDIGO subsea cable system.
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

Nextdc Ltd (ASX: NXT) announced this morning that it has signed an agreement with Superloop Limited (ASX: SLC) to provide connectivity to the INDIGO subsea cable system.

Nextdc is one of Australia’s largest data centre operators. Superloop is a company that designs, constructs and operates ‘dark fibre’ networks in the Asia Pacific Region.

What is the agreement?

Superloop will provide connectivity for Nextdc’s data centres in Perth and Sydney to the new INDIGO subsea cable system, which is a 9,200km cable going between Singapore to Perth via Jakarta, which also connects to Sydney. It’s being built by a consortium of Superloop, AARnet, Google, Indosat, Singtel/Optus and Telstra Corporation Ltd (ASX: TLS).

By the end of the 2019 financial year, Superloop will enable Nextdc to have optical layer connectivity with speeds of more than 36 terabits per second. Superloop will also be the first customer of Nextdc’s new 20MW P2 Tier IV data centre being developed in East Perth.

Nextdc CEO Craig Scoggie said: “Our partnership with Superloop provides our customers access to the most direct connectivity between Perth and Sydney, and the fastest gateway into Singapore – via a simple Cross Connect.”

In early trade the Nextdc share price has fallen 2.6% according to Google Finance, although the All Ordinaries (INDEXASX: XAO) is also down 1.35%.

Australia’s #1 Investing Podcast For Serious Investors

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. Here’s an interview with DMX’s portfolio manager, Steven McCarthy.

Download the latest episode free on iTunes, Castbox, YouTube or wherever you choose to listen.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Latest stories

Free passive income report
Skip to content