Under the deal, Swoop will acquire Luminet’s 58km dark fibre network which covers the Sydney CBD and outer metro areas. The network covers many of Sydney’s interconnection points, data centres and hyperscale facilities.

The Maddocks team on the matter was led by partner Catherine Merity and included senior associate Tanja Maley and lawyer Fumiko Baughan.

This latest deal is one of a string of strategic acquisitions in which Maddocks has advised Swoop over the past 12 months since Maddocks assisted Swoop with its ASX listing in May 2021. These have included the purchases of tech infrastructure companies Speedweb, Countrytell and VoiceHub in the second half of 2021.

Maddocks also advised Swoop on its $45 million capital raising in November 2021.

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.’

About Maddocks

Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.

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Jason Silverii
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