Superloop to acquire Australia’s largest private internet provider Exetel.
Sydney, Tuesday 8th June 2021 – Superloop has announced its intent to acquire Exetel for $110 million.
Exetel is Australia’s largest private, independent Internet Service Provider (ISP), with more than 110,000 consumer and business customers.
All of Exetel’s employees (approximately 290) will join Superloop, expanding the total workforce to approximately 550 people. Exetel’s CEO Richard Purdy will continue to lead Exetel for a transition period, reporting to Superloop’s CEO Paul Tyler.
Both brand names will remain, and there are no plans to reduce headcount as a direct result of the acquisition.
Full details superloop.com/…/superloop-acquires-exetel
Superloop is the only carrier that owns and operates carrier-grade, metro fibre networks in Singapore, Hong Kong and Australia.
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