Bigblu Broadband PLC Market Update

RNS Number : 9734K

Bigblu Broadband PLC

05 November 2024

 

Bigblu Broadband plc

("BBB" or the "Company")

Market Update

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, notes the Australian media speculation and can confirm that it is in discussions with Salter Brothers regarding a potential transaction involving SkyMesh, a BBB subsidiary. The transaction remains subject to final terms and financing arrangements, and there can be no certainty that any transaction will be completed. The local management team remain focused on executing the organic growth strategy for SkyMesh.

This potential transaction is in line with the Board's stated strategy to assess all options to realise value and maximise returns for shareholders from its operating assets. 

The Company will provide further updates as appropriate.

 

 

For further information

Bigblu Broadband Group PLC	www.bbb-plc.com
Frank Waters, Chief Executive Officer	www.bbb-plc.com
Cavendish Capital Markets Limited (Nomad and Broker) Marc Milmo (Corporate Finance) Tim Redfern / Harriet Ward (ECM)	Tel: [phone]

   

 

About BBB

Bigblu Broadband plc (AIM: BBB.L), is a market leading provider of alternative superfast and ultrafast broadband solutions throughout Australia. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative ultrafast broadband services increases around the world.

BBB's range of solutions includes satellite, GEO and LEO, next generation fixed wireless and 4G/5G FWA delivering between 30 Mbps and 500Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers with a full range of services including hardware supply, installation, pre-and post-sale support, billings, and collections, whilst offering appropriate tariffs depending on each end user's requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for broadband services. BBB's alternative broadband offerings present a customer experience that is broadly similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCFSASWIELSEIF