8th Feb 2021 12:04
Bigblu Broadband PLC - Bicester, England-based broadband services provider - Signs preferred partner agreement with Kacific Broadband Satellites Group to provide high-speed broadband internet service initially across New Zealand. Kacific will provide internet bandwidth via its Kacific-1 satellite and financial support, including the investment in customer terminals and marketing, while Bigblu Broadband will provide all sales, marketing and end user support functions, including billing and installation of equipment. Bigblu Broadband will invest up to GBP1 million in the first year of the agreement, with the expansion managed from its Brisbane, Australia headquarters.
"As per the European operations that we successfully sold, we aim to deliver faster, cheaper broadband with increasingly attractive data packages. Importantly, this will provide us with a basis to further grow recurring revenues and also provides an entry point into the wider Asia Pacific region," says Chief Executive Andrew Walwyn.
Current stock price: 109.66 pence
Year-to-date change: up 17%
By Zoe Wickens; [email protected]
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