Australia's MNF Group buys network operator SuperInternet for $2m

This will give it a national interconnection with NetLink Trust.

MNF Group, Australia’s third largest interconnected voice network, bought fully licensed independent Facilities Based Operator (FBO) SuperInternet Group in Singapore for $2m.

According to an announcement, MNF Group considers the SuperInternet business as a “niche operator” which generated around $1.6m in revenue and is currently EBITDA break even.

The acquisition of SuperInternet consists of a Singapore domestic fully interconnected voice network infrastructure, full national interconnection with NetLink Trust, an extensive domestic dark fibre transmission within the Singapore CBD, and specialist staff in marketing, sales, and operations in the Singapore market.

MNF already provides enablement, networking and numbering services in Australia and New Zealand under the group’s Domestic and Global Wholesale segments. The MNF Group also operates a point of presence in Singapore for the TNZI operation.

“This acquisition provides the group with additional capabilities to address the Singapore market, which will provide increased sales potential with existing and new wholesale customers,” MNF Group added. “The company will also continue to invest in the enterprise and government sector in Singapore and deploy additional product capabilities into the market.”

The business is Singaporean Government certified, with potential for new revenues in the near future, the company said. “MNF Group plans to upgrade the existing network infrastructure with our software ecosystem, enabling the full suite of MNF wholesale, enterprise and government products to be delivered domestically, and globally.”

SuperInternet operates from headquarters in Singapore with 10 (FTE) staff.

The acquisition is scheduled to complete before 31 July 2018.