Australia's Number One Satellite Internet Provider

RNS Number : 1407T

Bigblu Broadband PLC

16 July 2020

 

Bigblu Broadband plc

('BBB' or the 'Company' or the 'Group')

Australia's Number One Satellite Internet Provider

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that its Australian subsidiary, SkyMesh, is now the number one satellite internet provider for the Australian Government-backed National Broadband Network ("NBN™").

NBN™ is a high-speed broadband network, which aims to provide satellite broadband for up to 400,000 households - providing significant growth opportunity for SkyMesh, which was named Best Satellite NBN™ Provider 2019.

SkyMesh is the market leader in Australia, commanding a 50% share of net new adds under the NBN™ scheme for the 12 months to 30 June 2020. Furthermore, SkyMesh significantly outperformed the industry in 2019, growing five times faster than the rest of the market.

As a result of continued growth during the year to date SkyMesh is now servicing over 40,000 customers, with particularly strong take up of the new Sky Muster Plus product, which has added 2,500 customers since it was released on 01 April 2020, representing  52% of the total customer numbers across the entire market for this new product.

Andrew Walwyn, Chief Executive Officer of Bigblu broadband, commented: " We're extremely excited by the significant organic growth opportunity in this region, wit h SkyMesh focussed on connecting regional, rural, and remote Australians to their family, friends and workplaces. As the largest satellite internet provider for NBN™, it is well placed to further increase its market share and build on its annual customer growth of c10% a year.

"With revenues, customer numbers and EBITDA all growing exponentially as well as increased capacity and a strong sales pipeline, SkyMesh looks set to further cement its market leading position.  This is an integral part of our business providing further scale and high margin growth for the Group."

For further information:

Bigblu Broadband Group PLC	www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer Dom Del Mar, Corporate Development	Via Walbrook PR
finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers / Manasa Patil (ECM)	Tel: [phone]
Walbrook PR (PR / IR advisers)	Tel: [phone] or
Nick Rome/Tom Cooper/Nicholas Johnson	[e-mail]

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB), is a leading provider of alternative super-fast 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.

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 significant organic growth as demand for alternative super-fast 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 21 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. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.

Importantly, as its 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.

 

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