One of Australia’s most respected tech investors has just unveiled his vision to revolutionise digital infrastructure in Australia.
Bevan Slattery has announced plans to construct HyperOne, a 20,000 kilometre, $1.5 billion hyperscale national fibre network that will create more than 10,000 new jobs during construction.
What is HyperOne?
According to the tech start up, this will be the largest private, independent digital infrastructure project in Australia’s history.
HyperOne will be capable of carrying an enormous 10,000+ terabits per second. To put that into context, it is more traffic than every other national backbone built in Australia’s history combined. It intends to achieve this while remaining carbon neutral.
It will also be the most complete national fibre backbone ever constructed and the first built in almost two decades.
Mr Slattery commented: “Our existing backbone networks are on average 20 years old and the newest network was built back on 2003 when the Nokia 3310 was Australia’s newest phone, 85% of Australian internet connections were still dial-up and “Friends” were still on TV! Built before Cloud, the iPhone 3G let alone 4G/5G. It’s time for Australia to have tomorrow’s network today.”
The company notes that it will open up the north of Australia and provide valuable on-and-off-ramps to underserved regions across the country. It is also expected to be a significant job creator at a critical time for the country. HyperOne intends to partner with local industry in each state during its roll out.
According to Mr Slattery, HyperOne will support industries such as cloud computing, data centres, environmental sciences, space vehicle launch, aerospace, satellite, and defence. It will also provide transmission to local distribution networks such as the National Broadband Network and mobile operators. This could include the likes of Telstra Corporation Ltd (ASX: TLS) and TPG Telecom Ltd (ASX: TPG).
Can you buy HyperOne shares on the ASX?
Unfortunately for investors, at this stage HyperOne is a private business and isn’t listed on the ASX.
However, Bevan Slattery has previously founded and then listed companies including Megaport Ltd (ASX: MP1), NEXTDC Ltd (ASX: NXT), and Superloop Ltd (ASX: SLC). So, a HyperOne ASX listing in the future could be a real possibility.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends MEGAPORT FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of SUPERLOOP FPO. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
- 3 high quality ETFs for ASX investors to buy – April 13, 2021 4:30pm
- Afterpay and Zip were among the most traded ASX shares last week – April 13, 2021 3:49pm
- Why Alumina, Delorean, Next Sceince, & Pushpay shares are tumbling lower – April 13, 2021 3:27pm