Superloop tells Aussie Broadband to slash stake below 12pc

Aussie Broadband has been told by rival Superloop to slash its stake in the smaller internet provider to less than 12 per cent from almost 20 per cent to comply with Singaporean regulations related to share purchases.

The order from Superloop marks another twist in the battle between Superloop and Aussie Broadband for customers and share of the Australian broadband market.