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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March 29, 2021 02:00 ET (06:00 GMT)