Bigblu Broadband PLC Notice of Results (7123T)
March 29 2021 - 1:00AM
UK Regulatory
TIDMBBB
RNS Number : 7123T
Bigblu Broadband PLC
29 March 2021
Bigblu Broadband plc
("BBB" or the "Company")
Notice of Results
Bigblu Broadband plc (AIM: BBB.L), a leading provider of
alternative super-fast and ultrafast broadband services, will
announce results for the year ended 30 November 2020 on Wednesday
31 March 2021.
For further information:
Bigblu Broadband Group PLC www.bbb-plc.com
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
(ECM)
Walbrook PR (PR / IR Advisers) Tel: +44 (0)20 7933 8780
or
Nick Rome/Tom Cooper/Nicholas Johnson BigbluBroadband@walbrookpr.com
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
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