Australia's Superloop eyes best day in nearly 3 months on contract win
22/02/2021 03:48
** Shares of Superloop Ltd SLC.AX rise as much as 7.1% to
A$1.05, their biggest intraday pct gain since Nov 26
** Connectivity services provider says it has been awarded a
multi-year contract with Symbio, a unit of ASX-listed
telecommunications services provider MNF group MNF.AX
urn:newsml:reuters.com:*:nASX43GNW7
** Under contract, which has an expected value in excess of
A$25 mln ($19.69 mln), SLC will become exclusive supplier of
wholesale nbn aggregation services
** Symbio will migrate its existing and future supply
arrangements from various providers of nbn aggregation services
onto the Superloop Connect platform
** About 848,000 shares change hands, compared with the
30-day average volume of 577,000 shares
** Stock has fallen 7.55% this year as of last close
($1 = 1.2698 Australian dollars)
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.mishra@thomsonreuters.com))