HyperOne

What HyperOne does

HyperOne is an Australian telecommunications infrastructure company building the country's first national fibre backhaul network, founded in 2021 by serial entrepreneur Bevan Slattery and headquartered in Brisbane. The company is laying 20,000+ kilometres of new fibre optic cable designed to carry over 10,000 terabits per second — claimed to deliver up to 10x the data capacity of existing Australian networks. The network is engineered as a single unified physical infrastructure spanning every state and territory, with at least 2,000 on-ramps and off-ramps to extend connectivity into regional and remote communities. Its first operational phase is the SMAP subsea cable, a 5,000km submarine system connecting Sydney, Melbourne (Torquay), Adelaide and Perth, scheduled for ready-for-service in Q1 2026.

HyperOne operates as a wholesale, open-access infrastructure provider selling backhaul capacity to telecommunications carriers, ISPs, and other network operators on a recurring-capacity basis. The company targets three primary customer groups: telecommunications carriers and ISPs requiring backhaul to serve their end customers; government and public sector entities needing secure national connectivity; and future industries (aerospace, AI, cloud, satellite, defence, resources, agriculture, renewable energy) requiring hyperscale digital capacity. The $1.5 billion capital programme — described as the largest private infrastructure project in Australian history — is delivered through a network of construction, design and supply partnerships including SUBCO (project affiliate for the SMAP cable), CopperString, AFL (Global), Genus, and UG5. HyperOne is 100% Australian owned and operated, and is incubated within Soda, the holding vehicle behind ASX-listed infrastructure assets Megaport, Superloop, NEXTDC, and PIPE Networks. As of the available data, HyperOne has 1-10 employees, no disclosed revenue, and is in active construction phase rather than commercial operation.

Name

HyperOne

Legal name

HyperOne Pty Ltd

Website

https://hyper.one

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

HyperOne is building Australia's first national fibre backhaul network — 20,000+ km of new fibre capable of 10,000+ Tbps — and operates as a wholesale open-access infrastructure provider selling capacity to carriers, ISPs, and government.

Ownership category

akta.pro rank

Product category

Wholesale Fibre Backhaul Telecommunications Infrastructure

NAICS

Wired Telecommunications Carriers (517111)

SIC

Telephone Communications (No Radiotelephone) (4813)

akta.pro primary industry

Backhaul & Middle Mile Transport (cell site backhaul, aggregation) (HDAIAEAC)

akta.pro secondary industries

Fiber Backhaul to Towers & Small Cells (Fronthaul/Midhaul/Backhaul) (HDAIAKAK), Subsea & Terrestrial Backhaul to Data Centers and Cloud On-Ramps (IX/DC Interconnect) (HDAIALAJ), Subsea Cable System Owners & Consortia (Wet Plant Investment) (HDAIALAA)

Keywords

• Fibre backhaul network
• Wholesale telecommunications infrastructure
• Subsea cable systems
• Open access connectivity
• Dark fibre capacity

Headquarters

HQ city

Fassifern Valley

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Backhaul Network Capacity Services: HyperOne generates revenue by providing backhaul network capacity to telecommunications carriers, internet service providers, and other network operators. The network enables fast, reliable and accessible connectivity across all Australian states and territories, with connection points (on-ramps and off-ramps) allowing ISPs and telcos to access the network for their end customers. As a neutral wholesale infrastructure provider, HyperOne sells capacity on an open-access basis to multiple carriers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

HyperOne builds and operates Australia's first national fibre backhaul network — a 20,000+ kilometre hyperscale fibre infrastructure project providing wholesale open-access network capacity to telecommunications carriers, internet service providers, and government entities. The network delivers up to 10x the data capacity of existing Australian networks and includes 2,000+ on-ramps and off-ramps to enable affordable, accessible connectivity in regional and remote communities. First-phase service is targeted for Q1 2026 via the SMAP subsea cable connecting Sydney, Melbourne, Adelaide, and Perth.

Product overview

HyperOne is a telecommunications infrastructure company building Australia's first national fibre backhaul network — a single unified physical infrastructure offering. The HyperOne Network serves as the core product, comprising over 20,000km of new fibre optic cable designed to connect every state and territory across Australia with up to 10x the capacity of existing networks. The SMAP Subsea Cable represents the first operational phase, a 5,000km submarine cable connecting Sydney, Melbourne (Torquay), Adelaide, and Perth, scheduled for service in Q1 2026. The network also includes 2,000+ on-ramps and off-ramps to enable affordable regional and remote connectivity access.

Differentiator

Problem solved

Functional benefit

Products and services

• HyperOne Network Australia's first national fibre backhaul network — a 20,000+ kilometre hyperscale fibre infrastructure project delivering up to 10x the data capacity of existing networks to telecommunications carriers, ISPs and government entities on an open-access wholesale basis, with 2,000+ on- and off-ramps connecting regional and remote communities to every state and territory.
• SMAP Subsea Cable The first operational phase of the HyperOne network — a 5,000 km submarine cable (Sydney-Melbourne-Adelaide-Perth) delivering the initial high-capacity subsea connectivity leg, due to be ready for service in Q1 2026.

Quantifiable outcome

• $22 billion in benefits for Australia's digital economy expected to be unlocked
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SUBCOcoreStrategic or Co-development Partner · 24 August 2022SUBCO is HyperOne's project affiliate for the SMAP (Sydney-Melbourne-Adelaide-Perth) subsea cable - the first leg of the HyperOne network. This is a 5,000km subsea cable connecting Sydney, Melbourne (Torquay), Adelaide and Perth. SUBCO has received approval to start construction and achieved Contract in Force status. The SMAP leg is due to be ready for service (RFS) in Q1 2026.
• GenusminorImplementation/ SI/ Consulting Partner · 30 June 2022Genus completed early works packages comprising detailed design of the first approximately 2,200km segments of the HyperOne network.
• UG5minorImplementation/ SI/ Consulting Partner · 30 June 2022UG5 completed early works packages comprising detailed design of the first approximately 2,200km segments of the HyperOne network alongside Genus.
• Victorian Company (UGC5DG)minorImplementation/ SI/ Consulting Partner · 7 March 2022A regional Victorian business secured a multi-million dollar contract to start constructing the national fibre network for HyperOne, supporting regional tech jobs in Victoria.
• CopperStringcoreStrategic or Co-development Partner · 28 February 2022Strategic partnership between CopperString's 1,000km open access high voltage transmission network and HyperOne's new 20,000km+ fibre network. The partnership aims to help future-proof the nation's digital and energy infrastructure by connecting both networks. Both are innovative Queensland companies collaborating to lead connectivity across Australia.
• AFL (Global)minorImplementation/ SI/ Consulting Partner · 14 December 2021Victorian company AFL (Global) secured one of the biggest contracts for Australian-made fibre-optic cable for HyperOne as the company gears up to start construction.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vocus Group: Vocus operates a national fibre backbone and wholesale/enterprise connectivity in Australia and New Zealand, including subsea cable assets. It is the closest direct competitor to HyperOne as an independent wholesale fibre operator competing for carrier, ISP, and enterprise backhaul customers across Australia.
• SUBCO: SUBCO is HyperOne's project affiliate building the SMAP subsea cable from Sydney to Perth, and is also a Soda portfolio company. It is a direct peer in subsea/wholesale fibre infrastructure and an extension of HyperOne's go-to-market for international and inter-capital connectivity.
• Superloop Limited (ASX: SLC): Superloop is an Australian-founded broadband infrastructure provider with fibre, subsea cable (Indigo), and network connectivity assets, also founded by Bevan Slattery and incubated by Soda. It is a direct comparable in business model (wholesale open-access fibre backbone) and corporate lineage.

Emerging players

• Megaport Limited (ASX: MP1): Megaport provides Network-as-a-Service and software-defined interconnect across data centres globally, also founded by Bevan Slattery. It is comparable as a Soda-legacy business monetising carrier-neutral connectivity infrastructure on top of third-party fibre and data centres.
• Aussie Broadband (ASX: ABB): Aussie Broadband is an Australian retail/wholesale ISP with growing fibre and B2B operations, including acquisitions in fibre infrastructure. It is an emerging player in the same Australian fibre ecosystem and a potential wholesale offtake customer and partial competitor in regional markets.

Broad incumbents

• NBN Co (National Broadband Network): NBN Co is the Australian government-owned wholesale broadband wholesaler operating the national fixed-line, fibre, and wireless access network. It is a broader incumbent in the same fibre/backhaul category and a key customer/competitor dynamic for HyperOne, as ISPs and carriers source backhaul capacity from both.
• Optus (Singtel): Optus operates Australia's second-largest fibre and mobile network with subsea capacity to Asia. It is a broad incumbent that competes in wholesale and enterprise backhaul alongside HyperOne and is a potential anchor offtake customer for HyperOne's inter-capital capacity.
• Telstra (ASX: TLS): Telstra is Australia's dominant vertically integrated telco owning extensive inter-capital fibre, subsea cables, and mobile backhaul. It is a broad incumbent whose legacy wholesale backbone is the asset HyperOne is positioning to upgrade, making it both a potential partner and a competitor for wholesale capacity customers.
• NEXTDC (ASX: NXT): NEXTDC is Australia's largest independent data centre operator, also incubated by Soda. It is comparable as a hyperscale infrastructure platform that consumes large volumes of fibre backhaul, making it both an adjacent infrastructure peer and a strategic demand source for HyperOne capacity.
• TPG Telecom (ASX: TPG): TPG Telecom owns substantial fibre and enterprise/customer-side infrastructure in Australia following the Vodafone merger. It is a broad incumbent telco whose enterprise and wholesale demand is a potential volume source for HyperOne capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hyperone-australia
• Instagraminstagram.com/hyperone_h1

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HyperOne