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.
Image source: Getty Images
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.
