Last checked at 29 May 2018 09:36
BigBlu Broadband plc
("BBB" or the "Company")
Board Changes
Appointment of Christopher Mills as Non-Executive Director
BigBlu Broadband plc (AIM: BBB), a leading provider of alternative fast broadband services, announces that as per the announcement dated 26 April 2018, Christopher Mills has now been appointed to the Board of the Company as a non-executive director. Mr. Mills will assist the Company with its growth strategy as BBB continues to develop its solutions whilst growing its customer base, delivering a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.
CEO Andrew Walwyn commented: "We very much look forward to working closely with Christopher as we focus on driving organic growth across the enlarged business. Christopher has been a long-term supporter and investor in the Company and we believe that following the recent completion of the acquisitions of Open Sky S.R.L. and SAT Internet Services GMBH and with our rebranded offering we are extremely well placed to take advantage of the increasingly attractive market dynamics."
Contacts:
BigBlu Broadband Plc | www.bbb-plc.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
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Numis Securities (Nomad and broker) | Tel: +44 (0)20 7260 1000 |
Oliver Hardy (Corporate Advisory) |
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James Black / Jonathan Abbott (Corporate Broking) |
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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), formerly Satellite Solutions Worldwide Group PLC (AIM: SAT), 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.
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.
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 the Company as it targets further organic growth to 150,000 customers by 2020 as demand for alternative super-fast broadband services increases around the world.