Last checked at 6 Dec 2018 12:00
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Awarded preferred partner status with Eurobroadband Infrastructure for the launch of
new European superfast broadband services
Bigblu Broadband PLC (AIM: BBB), a leading provider of alternative superfast broadband services, has been selected as a preferred partner by Eurobroadband Infrastructure ("EBI"), a subsidiary of Eutelsat (NYSE/Euronext: ETL), which is launching a market leading superfast satellite broadband service to consumers and businesses across Europe at download speeds of up to 50 Mbps.
Under this commercial arrangement EBI will provide satellite network capacity, as well as assist with subscriber premises equipment, installation and marketing to support the 'Konnect' brand. BBB will promote and sell satellite broadband services while managing all activities related to subscriber management including installation, billing and support.
Based on a shared growth model, BBB will be an integral part of EBI's strategy of revitalising the distribution network over its KA-SAT satellite to boost the deployment of internet access via satellite across Europe in line with EU 2020 targets.
Andrew Walwyn, CEO of BBB, commented: "We are delighted to be selected as preferred partner by EBI to offer a truly next generation satellite broadband offering in Europe, which is an amazing foundation for the growth of Bigblu.
"The investment EBI is making in this new superfast 50 Mbps product is a gamechanger for BBB and our customers alike. I'm therefore very excited that this proposition addresses many of the challenges satellite broadband faces with a fantastic offering that will deliver a service superior to most people's wired broadband at a similar price point for the user.
"By working closely with our partners, we will be able to further demonstrate our industry leadership across Europe, underpinning our belief that we will deliver strong organic growth next year and beyond."
Contacts:
Bigblu Broadband plc | www.bbb-plc.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Numis Securities (Nomad and joint broker) | Tel: +44 (0)20 7260 1000 |
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
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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 superfast 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 stimulus for the alternative broadband market in many countries provide a solid foundation for the Company as it targets further organic growth as demand for alternative superfast 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.