Extension with Eurobroadband Infrastructure

RNS Number : 2795H

Bigblu Broadband PLC

31 July 2019

 

Bigblu Broadband plc 

("BBB" or the "Company" or the "Group") 

Contract Extension with Eurobroadband Infrastructure

A key milestone reached for Bigblu Broadband: 10,000 new satellite broadband customers

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces it has extended its agreement with Eurobroadband Infrastructure ("EBI"), a subsidiary of Eutelsat (Euronext: ETL), following the successful addition of approximately 10,000 new satellite broadband customers since it joined the Preferred Partner Programme signed last December.

Under this extended commercial arrangement across additional European countries, EBI will continue to provide BBB with unlimited packages reaching broadband speeds of up to 50 Mbps download, as well as assistance with marketing, subscriber premises equipment and installation, while BBB will coordinate all activities related to subscriber management.

The broadband services being offered to new customers under the programme are complemented by an attractive pricing structure that presents a genuine alternative to comparable broadband offerings. This combination will enable BBB to continue to improve customer churn rates, which are already decreasing significantly as satellite broadband speeds and service performance increase.

Andrew Walwyn, CEO of BBB, commented: "The partnership model with EBI has been very successful to date and has helped deliver a period of strong organic growth across the Company. The original agreement with EBI demonstrated how working closely with our partners allows us to further demonstrate our industry leadership across Europe, underpinning our belief that we will continue delivering on our ambitious growth plans in the upcoming years.

"The extended agreement with EBI across additional European countries, will enable us to target a further 25,000 customers across Europe and assist us achieve our stated target of 150,000 customers by December 2020"

Enquiries

Bigblu Broadband plc	www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer	Via Walbrook PR
Dom Del Mar, Corporate Development
Numis Securities (Nomad)	Tel: [phone]
Oliver Hardy (Corporate Advisory)
James Black (Corporate Broking)
Walbrook PR (PR advisers)	Tel: [phone]
Paul Cornelius / Nick Rome	or [e-mail]

About BBB

BigBlu Broadband plc (AIM: BBB), 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.

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 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. 

 

END

 

 

CNTSDUESSFUSESW