23 April 2021 | 08:57am
StockMarketWire.com - Broadband provider Bigblu Broadband said it had conditionally agreed to sell its stake in Quickline to global private markets investment firm Northleaf Capital Partners for up to £48.6 million.
The sale represented an excellent return for shareholders of up to 5.8 times the cost of BBB s investment, the company said.
Upon completion, the company s remaining operations would consist of its Australasian operations, SkyMesh and its Nordics business, Bigblu Norge AS.
Under the terms of the deal, Bigblu would a receive a payment of up to £41.1 million of which £31.1 million would be payable on completion, with a further £10.1 million as an earnout provision being met by no later than 31 March 2022, or in certain circumstances, 31 May 2022.
8 February 2021 | 09:02am
StockMarketWire.com - Broadband services provider Bigblu Broadband said it had signed an exclusive partner agreement with Asia Pacific broadband satellite operator Kacific Broadband to provide a broadband internet service initially across New Zealand. It is anticipated that the company will invest up to £1.0m in the first year of the agreement, he company said. The investment will be partially offset by revenue share earned from new customers, and BBB anticipates that given the scale of the expected roll out, the project will breakeven within c.20 months of launch and will be earnings accretive thereafter, it added.
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.
Bigblu Broadband plc (AIM: BBB), is a leading provider of alternative super-fast and ultra-fast broadband solutions throughout Australia, the Nordics and 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.
19 January 2021 | 14:10pm
StockMarketWire.com - Bigblu Broadband said its subsidiary Quickline Communications has joined CityFibre s full fibre networks to deliver home broadband services in four locations across England.
CityFibre is the UK s third national digital infrastructure platform and is currently engaged in a £4 billion investment programme.
Quickline s ultrafast full fibre services will be available to homes in Doncaster, Leeds, Huddersfield and Batley and Dewsbury.
Andrew Walwyn, chief executive Officer of Bigblu Broadband, said: ‘We are delighted that this enables Quickline to further expand its gigabit service reach. We have seen the rapid progress made by Quickline in recent months and this provides further validation of its capabilities. We look forward to working closely with CityFibre in further closing the digital divide.’