Ann: INDIGO Consortium, page-9

I think this fallw right into Bevan's long term empire.

*First Megaport spins off its fibre business as Superloop.

*Logic says that Megaport relies quite heavily on the fibre assets of Superloop, however Megaport's rapid global expansion requires it to lease capacity from other operators - arrangements which aren't necessarily back-to-backed with the Megaport bandwidth on demand model. High recurring costs for capacity leases may be a concern with the lumpy revenue model of Megaport.

*Superloop, through SubPartners acquires a large amount of tradeable capacity on Indigo - I expect this capacity trading will focus on lowering some of the high recurring costs that are faced by Megaport (although the extent to which Megaport acquire leased capacity directly vs through Superloop is unclear)

*I guess ideally both SLC and MP1 become profitable and take over the world... but I agree that it's all a bit murky right at the moment.