InvestSMART

Superloop Limited (ASX:SLC)

ALERT: Price-sensitive ASX Announcement for SLC
Current share price for SLC : $3.100 0.68 (28.10%)+
Announcement
Release
18 Feb 2026 9:34AM
Price at Release
$2.420
Full Release
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Summary
Superloop Limited has entered into a binding agreement to acquire 100% of Lynham Networks Pty Ltd, the parent company of Lightning Broadband, for $165 million in cash. This acquisition aims to strengthen Superloop as a key national Fibre-To-The-Premises challenger, expanding its Smart Communities division significantly. The acquisition includes Lightning Broadband's wholesale network operations and will enhance Superloop's retail and wholesale broadband capabilities, adding approximately 14,000 active services. The transaction is expected to be completed in the fourth quarter of FY26, subject to regulatory approvals. The purchase will be funded from existing cash and debt facilities, maintaining low leverage at 1.4x EBITDA.
Key Points
  • Superloop acquires Lightning Broadband for $165 million.
  • Acquisition strengthens Superloop's Smart Communities strategy.
  • Includes wholesale FTTP network and retail broadband operations.
  • Adds approximately 14,000 services in operation.
  • Expected completion in Q4 FY26, subject to regulatory approvals.
  • Funded through existing cash and debt facilities with low leverage.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.