Satellite Solutions Wldwide Grp PLC SSW launches grant backed 40 Mb offer in Cornwall (6663J)
30 June 2017 - 4:01PM
UK Regulatory
TIDMSAT
RNS Number : 6663J
Satellite Solutions Wldwide Grp PLC
30 June 2017
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
SSW launches grant backed 40 Mb offer in Cornwall
European Funded Broadband Venture Targets SMEs in Cornwall and
Isles of Scilly
Satellite Solutions Worldwide Group plc (AIM: SAT), the global
communications company specialising in rural and alternative
last-mile satellite broadband, has agreed a new venture to deliver
superfast broadband services to Small and Medium Sized Enterprises
("SMEs") in Cornwall and the Isles of Scilly.
The GBP1.2m initiative is fully funded by the European Regional
Development Fund ("ERDF") and operated in conjunction with British
satellite operator Avanti Communications Group plc ("Avanti"). The
initial aim is to bring 1,000 SMEs online over the next three years
with superfast 40 Mbps satellite broadband and SSW will be one of
the certified service providers.
The services, which will be available immediately and delivered
via Avanti's HYLAS 2 Ka-band satellite, will be the first-time SSW
has offered off-the-shelf superfast 40 Mbps download and 6 Mbps
upload services, which is currently the fastest satellite broadband
speed in Europe.
Service Offering
The scheme will enable targeted businesses to be connected to
superfast broadband services of 40 Mbps with no upfront hardware or
installation capital costs. The scheme is being operated in
conjunction with a separate GBP9.0 million 'Superfast Cornwall'
scheme to introduce more superfast alternative broadband
technologies to the region.
Andrew Walwyn, CEO at SSW, commented: "This is a great
initiative and we are delighted to be able to provide local
businesses with our superfast broadband services. Our model is
focused on providing superfast broadband to customers who are
suffering due to the 'digital divide'. Schemes that help fund these
installations, such as this ERDF initiative, are very welcome and
we look forward to working closely with them in the coming
months."
For further information:
Satellite Solutions Worldwide Group www.satellitesolutionsworldwide.com
PLC
Andrew Walwyn, Chief Executive Officer Via Walbrook PR
Numis Securities (Nomad and broker) Tel: +44 (0)20 7260 1000
Oliver Hardy / Simon Willis (Corporate
Advisory)
James Black / Jonathan Abbott (Corporate
Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick Rome or ssw@walbrookpr.com
About SSW
Established in 2008, SSW specialises in the provision of rural
and last mile broadband services with customers across 31
countries. SSW's solutions target B2C and B2B users, and the
Company has products developed specifically for the broadcasting,
Police and Military markets. SSW operates a number of brands such
as Europasat (Europe), Breiband (Nordics) and SkyMesh (Australia)
and is now the fourth largest independent provider of satellite
broadband internet services in the world.
The 2015 listing on the London Stock Exchange together with the
support from Business Growth Fund and investors in 2016 have put
the Company in an excellent position to continue strong organic
growth in its subscriber base and recurring revenues as well as
execute on preferred acquisitions. The Directors believe there is a
major opportunity to continue this organic growth and as
appropriate consider acquisitions throughout the fragmented
European satellite broadband market and further afield.
Working closely with satellite owners and operators, SSW targets
customers in the 'digital divide' with solutions that deliver up to
40 Mbps satellite based broadband services or fixed wireless to
almost any premises, whether residential, commercial or industrial
across Europe and Australia, irrespective of location or local
infrastructure.
Notes to Editors
Superfast Cornwall Evaluation - Evaluation Report with Executive
Summary
www.gov.uk/government/publications/uk-digital-strategy
About ERDF
The project has been awarded up to GBP1,202,711 of funding from
the European Regional Development Fund (ERDF) as part of the
European Structural and Investment Funds Growth Programme
2014-2020. The Department for Communities and Local Government is
the Managing Authority for ERDF. Established by the European Union
ERDF funds help local areas stimulate their economic development by
investing in projects which will support innovation, businesses,
create jobs and local community regenerations.
For more information visit
www.gov.uk/european-growth-funding
This information is provided by RNS
The company news service from the London Stock Exchange
END
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