Swoop acquires Sydney dark fibre network

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.

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“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.