Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultrafast broadband services, announces that at the General Meeting held earlier today, the Resolution to approve the proposed sale of Quickline to Northleaf Capital Partners pursuant to the Share Sale Agreement ( Transaction ) and to authorise the Directors to take all steps necessary or desirable to complete the Transaction was duly passed by shareholders. Completion remains conditional on consent to the Transaction being obtained from each of the four Local Authorities who are parties to key infrastructure contracts with Quickline, as outlined in the circular (the Circular ) to shareholders dated 23 April 2021.
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Bigblu Broadband plc (AIM: BBB), is a leading provider of alternative super-fast and ultra-fast broadband solutions throughout Australia, the Nordics and significant parts of the UK. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre. The Group has a significant target market with 3m customers in the territories we operate in with speeds of under 4 Mbps. High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in the countries we operate in provide a solid foundation for strong organic growth as demand for alternative super-fast broadband services increases in the territories we operate in.
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