Share Name Share Symbol Market Type Share ISIN Share Description
Bigblu Broadband Plc LSE:BBB London Ordinary Share GB00BD5JMP10 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -2.15% 114.00 114.00 119.00 116.50 116.50 116.50 98,036 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 55.4 -15.2 -25.8 - 65

Bigblu Broadband PLC Quickline Directorate Changes

30/03/2021 7:00am

UK Regulatory (RNS & others)

Bigblu Broadband (LSE:BBB)
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RNS Number : 8424T

Bigblu Broadband PLC

30 March 2021

Bigblu Broadband plc

("BBB" or the "Company")

Quickline Directorate Changes

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces the appointment of Sean Royce as Chief Executive Officer to the Company's majority owned subsidiary, Quickline Communications Ltd ("Quickline", or the "Subsidiary"). Sean will join the business on 04 May 2021 and will be appointed to the Quickline Board.

Sean spent over 18 years at KCOM Group, the UK communications provider, in various senior executive roles and where he was recently Managing Director of KCOM's Hull and East Yorkshire business. He was also the lead executive managing KCOM's 200,000 fibre to the premise deployment which was the first major full fibre deployment in the UK.

Sean joins Quickline following the securing of four major BDUK grants across Lincolnshire and Yorkshire in late 2020. Quickline is deploying a hybrid network that includes both fibre and 5G fixed wireless technologies to better serve rural communities. Sean will look to further develop Quickline's growth strategy as part of Quickline's aspirations to become a leading provider of rural broadband services across Northern England and beyond.

Steve Jagger, founder of Quickline, will remain full time on the Board as Founder and Chief Technology Officer, with a strategic focus on building on the rollout and development of Quickline's fibre and 5G technology. Steve has been pivotal to the business's success and will continue to build on the strong momentum made to date.

Steve Jagger, Founder and CTO of Quickline, added: "I look forward to working together with Sean as we build on the great progress Quickline has made in the last year. We are very much focussed on the roll-out of much needed improved broadband capability to rural communities in partnership with our Local Authorities. We welcome and will further support the DCMS's recently announced 'Project Gigabit' programme with our hybrid approach allowing for gigabit capable services to reach premises in desperate need of decent broadband connectivity."

Andrew Walwyn, CEO of BBB commented: "We are delighted to have Sean on board at Quickline and believe he will form a strong partnership with Steve who remains pivotal to the network roll-out and Quickline's relationships with Local Authorities."

For further information:

 Bigblu Broadband Group PLC          
 Andrew Walwyn, Chief Executive Officer       Via Walbrook PR 
  Frank Waters, Chief Financial Officer 
 finnCap (Nomad and Broker)                   Tel: +44 (0)20 7220 0500 
  Marc Milmo / Simon Hicks / Charlie Beeson 
  (Corporate Finance) 
  Tim Redfern / Richard Chambers 
 Walbrook PR (PR / IR Advisers)               Tel: +44 (0)20 7933 8780 
 Nick Rome/Tom Cooper/Nicholas Johnson 

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB), is a leading provider of alternative super-fast and ultra-fast broadband solutions throughout Australasia, the Nordics and England. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses who are typically unserved or underserved by fibre.

The Group has a significant target market in all the territories in which we operate, with c.12m customers having speeds of under 4 Mb.

High levels of recurring revenue, increasing economies of scale and significant government stimulation for alternative broadband solutions in all the countries in which we operate provide a solid foundation for strong organic growth as demand for alternative super-fast broadband services increases.

Acquisitive and organic growth enabled BBB to grow rapidly since inception in 2008 during which time the Group completed 21 acquisitions across nine different countries. In July 2020, BBB announced the conditional sale of its UK and European Satellite business to Eutelsat and completion was on 30 September 2020, offering an excellent return for shareholders whilst providing a key asset for Eutelsat to solidify its position in the European Satellite market. With the remaining businesses, BBB is extremely well positioned to continue growing as its business units continue to focus on customers that are trapped in the 'digital divide' with limited broadband options in its target markets.

BBB continues to provide customers with a full suite of ongoing services including hardware supply, installation, pre- and post-sale support, whilst offering appropriate tariffs depending on the requirements of each end user in each territory. BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses.

Importantly, as the core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy the market. Demand for 'video-on-demand', as well as streaming, covering both video and audio material will only increase. Our alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones via a normal wired or wireless router.

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(END) Dow Jones Newswires

March 30, 2021 02:00 ET (06:00 GMT)

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