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%.
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