LONDON (Alliance News) - Bigblu Broadband PLC on Friday said it has been granted certification to participate in France's first national super-fast broadband subvention scheme grant of EUR100 million.
Shares in Bigblu were up 7.2% at 112.00 pence on Friday afternoon.
The scheme will be offered to all households and business that don't have access to at least 8 megabyte per second broadband through either a fibre or high-speed copper connection by 2020.
The French government will offer as much as EUR150 per household to cover activation fees, equipment, and installation with two million households to be able to benefit from the scheme.
Bigblu is one of just two satellite distributors to have been granted certification, and "will be the only distributor in France offering unlimited broadband access through satellite".
Bigblu Chief Executive Andrew Walwyn said: "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."
Bigblu Broadb. (BBB)