Bigblu Broadband PLC Result of AGM (8852Z)

TIDMBBB

RNS Number : 8852Z

Bigblu Broadband PLC

22 May 2019

Bigblu Broadband plc

("BBB" or the "Company" or the "Group")

Result of AGM

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that at its Annual General Meeting held today, all resolutions were duly passed.

Enquiries

 
 Bigblu Broadband plc                       www.bbb-plc.com 
 Andrew Walwyn, Chief Executive Officer     Via Walbrook PR 
 Numis Securities (Nomad and joint          Tel: [phone] 
  broker) 
 Oliver Hardy (Corporate Advisory) 
 James Black / Jonathan Abbott (Corporate 
  Broking) 
 Dowgate Capital (Joint broker)             Tel: [phone] 
 David Poutney 
 James Serjeant 
 Walbrook PR (PR advisers)                  Tel: [phone] 
 Paul Cornelius / Nick Rome                 or [e-mail] 
 

About BBB

BigBlu Broadband plc (AIM: BBB), is a leading provider of alternative broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.

The Company has a significant target market with 27m customers in Europe with speeds of under 4 Mb, and a further 1m in Australia who have been identified as only suitable for either satellite or fixed wireless broadband.

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 super-fast broadband services increases around the world.

Acquisitive and organic growth have enabled BBB to grow rapidly since inception in 2008 during which time the Company has completed 20 acquisitions across nine different countries. It is extremely well positioned to continue growing as it targets customers that are trapped in the 'digital divide' with limited fibre broadband options.

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. It provides customers ongoing services including hardware, pre and post-sale support, installation, billing and warranties whilst offering various tariffs depending on end user requirements.

Importantly, as its core technologies evolve, and cheaper capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its 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

May 22, 2019 09:07 ET (13:07 GMT)