Bigblu Broadband PLC New European Satellite Broadband Service Launch (6977J)
06 December 2018 - 11:00PM
UK Regulatory
TIDMBBB
RNS Number : 6977J
Bigblu Broadband PLC
06 December 2018
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Awarded preferred partner status with Eurobroadband
Infrastructure for the launch of
new European superfast broadband services
Bigblu Broadband PLC (AIM: BBB), a leading provider of
alternative superfast broadband services, has been selected as a
preferred partner by Eurobroadband Infrastructure ("EBI"), a
subsidiary of Eutelsat (NYSE/Euronext: ETL), which is launching a
market leading superfast satellite broadband service to consumers
and businesses across Europe at download speeds of up to 50
Mbps.
Under this commercial arrangement EBI will provide satellite
network capacity, as well as assist with subscriber premises
equipment, installation and marketing to support the 'Konnect'
brand. BBB will promote and sell satellite broadband services while
managing all activities related to subscriber management including
installation, billing and support.
Based on a shared growth model, BBB will be an integral part of
EBI's strategy of revitalising the distribution network over its
KA-SAT satellite to boost the deployment of internet access via
satellite across Europe in line with EU 2020 targets.
Andrew Walwyn, CEO of BBB, commented: "We are delighted to be
selected as preferred partner by EBI to offer a truly next
generation satellite broadband offering in Europe, which is an
amazing foundation for the growth of Bigblu.
"The investment EBI is making in this new superfast 50 Mbps
product is a gamechanger for BBB and our customers alike. I'm
therefore very excited that this proposition addresses many of the
challenges satellite broadband faces with a fantastic offering that
will deliver a service superior to most people's wired broadband at
a similar price point for the user.
"By working closely with our partners, we will be able to
further demonstrate our industry leadership across Europe,
underpinning our belief that we will deliver strong organic growth
next year and beyond."
Contacts:
Bigblu Broadband plc www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer Via Walbrook PR
Numis Securities (Nomad and joint Tel: +44 (0)20 7260 1000
broker)
Oliver Hardy (Corporate Advisory)
James Black / Jonathan Abbott (Corporate
Broking)
Dowgate Capital (Joint broker) Tel: +44 (0)20 3903 7715
David Poutney
James Serjeant
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick Rome or bigblubroadband@walbrookpr.com
About BBB
BigBlu Broadband plc (AIM: BBB), formerly Satellite Solutions
Worldwide Group PLC (AIM: SAT), is a leading provider of
alternative broadband solutions throughout Europe and Australia.
BBB delivers a portfolio of superfast 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 stimulus for the alternative broadband market in
many countries provide a solid foundation for the Company as it
targets further organic growth as demand for alternative superfast
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.
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END
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