Bigblu Broadband PLC Participation in French National Subvention Scheme
March 22 2019 - 8:11AM
RNS Non-Regulatory
TIDMBBB
Bigblu Broadband PLC
22 March 2019
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Participation in France's first national subvention scheme
Bigblu Broadband plc (AIM: BBB.L), a leading provider of
alternative super-fast broadband services, has received
certification to participate in France's first national subvention
scheme (the "scheme") grant for EUR100m, which is being officially
launched by the French Prime Minister today. As a result, BBB, one
of only two satellite distributors to have been granted
certification, will be the only distributor in France offering
unlimited broadband access through satellite.
The scheme will be offered to all households and businesses
unable to access a minimum of 8MB/s broadband through ADSL/Fibre by
2020. The French Government is offering up to EUR150/household
covering activation fees, kit purchase and installation costs.
According to the Agence du Numérique, two million households will
be able to benefit from the scheme.
Andrew Walwyn, CEO of BBB commented:
"We are delighted to have received certification to participate
in the scheme. Government support is a key component of our growth
model and there is significant scope for us to expand our
operations throughout France and Europe as we work closely with our
partners to ensure that we are providing market leading
solutions."
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), 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
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