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Swoop acquires Sydney dark fibre network
Australian telco company Swoop has acquired a 58-kilometre dark fibre network, covering the Sydney central business district and outer metro areas.
Lauren Croft
Firm: Maddocks (Swoop Holdings Limited)
Value: Undisclosed
Area: M&A
Key players: The Maddocks team was led by partner Catherine Merity and included senior associate Tanja Maley and lawyer Fumiko Baughan.
Deal significance: Under the deal, Swoop will acquire Luminet’s 58-kilometre dark fibre network, which covers many of Sydney’s interconnection points, data centres and hyperscale facilities.
Catherine Merity said she was delighted to advise Swoop on its latest acquisition.
“Swoop is an ambitious company which is targeting developing into a national Australian telco and it is a pleasure to assist them as they execute their growth strategy,” she said.
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
