Satellite Solutions Wldwide Grp PLC Contract Update (2635U)
23 October 2017 - 5:00PM
UK Regulatory
TIDMSAT
RNS Number : 2635U
Satellite Solutions Wldwide Grp PLC
23 October 2017
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Completion of Government funded Sør-Trøndelag fixed wireless
broadband project
Satellite Solutions Worldwide Group plc (AIM: SAT), the global
leader in delivery of alternative super-fast broadband services,
announces that it has successfully completed the network build out
and commissioning of a new Government funded super-fast fixed
wireless network in the Sør-Trøndelag area in Norway ahead of
schedule.
Since winning the contract, as announced by SSW on 4 April 2017,
Breiband AS, which is a wholly owned subsidiary of SSW and is the
one of the largest alternative broadband provider in Scandinavia,
has successfully built and tested the network with the first
customers being added in mid-October. The original contract award
of c.GBP0.5m (NOK5.6m) is the first of several Government backed
initiatives that Breiband will be bidding for over the coming
months.
The new network will service approximately 350 residential
dwellings, 15 businesses along with around 500 holiday homes and
cabins. Efficiencies in the network build out have meant that some
300 extra premises have been covered over and above those specified
in the original tender whilst remaining within budget. Customers
covered by the new network have the option for several different
broadband offerings with speeds of up to 75 Mbps and unlimited data
allowances.
Jan-Tore Dannemark, CEO of Breiband, said:
"The Sør-Trøndelag project is a perfect showcase for what we're
capable of as a company and also a demonstration of what's
achievable with our fibre backed super-fast fixed wireless
technology. This network has been designed and built quickly with
no disruption to the area's roads or the end user's driveways for a
fraction of the cost of what it would have cost to dig and lay
fibre. However, the end user experience and service is as good or
better than fibre to the home.
"Sør-Trøndelag is a very remote area and its fantastic that
these homes and businesses have now got a high standard, future
proofed broadband solution."
Contacts:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad and Tl: +44 (0)20 7260 1000
broker)
Oliver Hardy / Simon Willis
(Corporate Advisory)
James Black / Jonathan Abbott
(Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933
Paul Cornelius /Nick Rome/Sam 8780
Allen 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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