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Superloop Limited (ASX:SLC)

ALERT: Price-sensitive ASX Announcement for SLC
Current share price for SLC : $3.120 0.73 (30.54%)+
Announcement
Release
11 Feb 2026 2:31PM
Price at Release
$2.390
Full Release
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Summary
Superloop Limited (ASX:SLC) announced that AGL Energy Limited has decided to divest its telecommunications business. Superloop has a wholesale agreement with Southern Phone Company Limited, a subsidiary of AGL, which will expire in June 2029. The divestment will lead to a migration of subscribers from AGL's network anticipated in the first half of 2027. If AGL fully reduces its usage under this agreement following the migration, Superloop estimates an annualized gross margin impact of up to $4 million. Superloop provides internet services through its Infrastructure-on-Demand platform and serves consumers, businesses, and wholesalers, leveraging its investments in infrastructure such as fibre and subsea cables.
Key Points
  • AGL Energy Limited to divest its telecommunication business.
  • Superloop has a wholesale agreement with Southern Phone Company Limited.
  • Agreement expires in June 2029.
  • Subscriber migration expected in the first half of 2027.
  • Potential annualized gross margin impact of up to $4 million.
  • Superloop's services include Consumer, Business, and Wholesale markets.
  • Infrastructure includes fibre, subsea cables, and fixed wireless.
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.