Bigblu Broadband PLC Quickline Joins CityFibre's Network (1723M)
January 19 2021 - 04:19AM
UK Regulatory
TIDMBBB
RNS Number : 1723M
Bigblu Broadband PLC
19 January 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the
publication of this announcement, the inside information is now
considered to be in the public domain for the purposes of MAR.
Bigblu Broadband plc
('BBB' or the 'Company' or the 'Group')
Quickline Joins CityFibre's Network
To deliver Gigabit home broadband services in four locations
across England
Bigblu Broadband plc (AIM: BBB.L), a leading provider of
alternative super-fast and ultra-fast broadband services, a
nnounces that its subsidiary Quickline Communications Limited
("Quickline") has joined CityFibre's full fibre networks to deliver
Gigabit home broadband services in four locations across
England.
CityFibre is the UK's third national digital infrastructure
platform and is currently engaged in an up to GBP4 billion Gigabit
City Investment Programme. By joining its network, Quickline's
ultrafast full fibre services will be available to homes in
Doncaster, Leeds, Huddersfield and Batley & Dewsbury throughout
2021 - further strengthening its reach within Yorkshire and the
surrounding areas.
Quickline is focussed on delivering improved broadband
connectivity in the rural areas of Northern England, where a
significant digital divide remains and hundreds of thousands of
premises are in need of increased broadband speeds. Quickline's
heritage is fixed wireless but its network includes increasing
amounts of fibre connectivity. Its aim is to be the leading UK
dedicated rural broadband infrastructure provider, delivering
innovative, flexible and hybrid solutions that can address the
millions of premises unlikely to be served commercially by full
fibre networks for many years to come.
Andrew Walwyn, Chief Executive Officer of Bigblu Broadband,
commented : "We are delighted that this enables Quickline to
further expand its gigabit service reach. We have seen the rapid
progress made by Quickline in recent months and this provides
further validation of its capabilities. We look forward to working
closely with CityFibre in further closing the digital divide."
Rob Hamlin, Chief Commercial Officer at CityFibre, added : "By
welcoming Quickline to our networks, we are making fast and
reliable broadband available to even more people across the
country. With most of us more reliant on our home broadband than
ever, it is important that communities can choose from the best
services available. We are excited to work with Quickline in the
months and years ahead as we continue to expand."
For further information:
Bigblu Broadband Group PLC www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer Via Walbrook PR
Frank Waters, Chief Financial Officer
Dom Del Mar, Corporate Development
finnCap (Nomad and Broker) Tel: +44 (0)20 7220 0500
Marc Milmo / Simon Hicks / Charlie Beeson
(Corporate Finance)
Tim Redfern / Richard Chambers / Manasa
Patil
(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 Australia, the Nordics and parts of the UK. BBB delivers
a portfolio of super-fast wireless broadband products for consumers
and businesses unserved or underserved by fibre. The Group has a
significant target market with 3m customers in the territories we
operate in with speeds of under 4 Mbps.
High levels of recurring revenue, increasing economies of scale
and Government stimulation of the alternative broadband market in
the countries we operate in provide a solid foundation for strong
organic growth as demand for alternative super-fast broadband
services increases in the territories we operate in.
Acquisitive and organic growth enabled BBB to grow rapidly since
inception in 2008 during which time the Company completed 21
acquisitions across nine different countries. In September 2020,
BBB concluded the sale of its UK and European Satellite business to
Eutelsat, offering an excellent return for shareholders. With the
remaining businesses - consisting of its Australian operations
(Skymesh Pty Limited), its majority interest in Quickline (QCL
Holdings Limited) and its Nordics business (Bigblu Norge AS) , BBB
is extremely well positioned to continue growing as it targets
customers that are trapped in the 'digital divide' with limited
fibre broadband options.
BBB continues to provide customers significant ongoing services
in the territories present including hardware supply, installation,
pre and post-sale support billings and collections, 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 core technologies evolve, and more affordable
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.
About CityFibre:
CityFibre is the UK's third national digital infrastructure
platform. With existing networks in more than 60 towns and cities,
CityFibre provides wholesale connectivity to multiple business and
consumer service providers, local authorities and mobile
operators.
CityFibre has network rollouts underway with plans to pass up to
8 million homes and businesses with open-access full fibre
infrastructure. A growing number of Gigabit City projects have been
announced for full-city rollouts and CityFibre continues to prime
its existing network assets for expansion.
CityFibre is based in London and is jointly controlled by Antin
Infrastructure Partners and West Street Infrastructure
Partners.
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