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Contract Win

13th Mar 2018 07:00

RNS Number : 4870H
Satellite Solutions Wldwide Grp PLC
13 March 2018
 

 

 

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

 

Contract Win

 

 5G and TV Whitespace Field Trials funded by BDUK

 

Satellite Solutions Worldwide Group plc (AIM: SAT), the global leader in the delivery of alternative super-fast broadband services, announces that Quickline Communications Ltd ("QL"), a wholly owned subsidiary of SSW, has been awarded 5G and TV Whitespace Field Trials funded by Broadband Delivery UK ("BDUK"), part of the Department for Digital, Culture, Media and Sport, responsible for delivering superfast broadband and local full fibre networks to the nation.

 

QL was selected through a competitive process to be part of a £2.1m grant funded project aimed at exploring and establishing the standards of the next generation of 5G fixed wireless broadband services utilising unused TV whitespace spectrum to increase superfast wireless broadband penetration in very rural areas.

 

Working alongside a consortium of several hardware manufacturers, BDUK and academic teams from Kings College London, Lancaster University and Kingston University, QL will be building and developing a new type of wireless network, which gives it the ability to connect customers in areas which have previously been unsuitable for its standard ultra-fast 5 GHz wireless services due to interference, or local topography. The spectrum and equipment being utilised in the trials shows better propagation in areas where trees and buildings combine with the terrain to impair 5 GHz transmission.

 

The overall aim of the project is to improve and extend availability and coverage of superfast internet across existing wireless coverage locations in highly rural areas of Cumbria, Northumberland, North Yorkshire, Lincolnshire, Inverness-shire, Perthshire and Monmouthshire. This network will continue as a testbed for other technologies and industries.

 

The trial is fully funded by BDUK and QL expects the project to enable it to connect an extra 300 new customers and be EBITDA neutral in this financial year and generate a positive EBITDA of approximately £100,000 in year two. A key benefit to QL of embracing the new technology is that it will enable it to significantly improve its coverage ratios when preparing and bidding for BDUK infrastructure projects. It is expected if the trial goes well, it will lead to a full commercial deployment of the technology alongside QL's other fixed wireless technologies.

 

 

Steve Jagger, Managing Director of Quickline Communications, said: "We believe superfast TV Whitespace technology will work well alongside our higher capacity wireless to deliver superfast services to very remote areas and properties including locations that our current standard fixed wireless services cannot universally reach, such as those surrounded by trees.

 

"In commercial terms, we believe that helping to develop and utilise this technology will mean that we can increase our ability to connect potential customers who approach us for a connection from 70% of callers to over 90%. This will really increase our network reach as a business as well as improving the ROI of our marketing spend.

 

"This consortium brings together innovative businesses and leading Universities to further reinforce SSW's commitment to make the Superfast Internet Anywhere dream a rural reality."

 

Contacts:

Satellite Solutions Worldwide Group PLC

www.satellitesolutionsworldwide.com

Andrew Walwyn, Chief Executive Officer

Via Walbrook PR

Numis Securities (Nomad and broker)

Oliver Hardy (Corporate Advisory)

James Black / Jonathan Abbott (Corporate Broking)

Tel: +44 (0)20 7260 1000

Walbrook PR (PR advisers)

Tel: +44 (0)20 7933 8780

Paul Cornelius / Nick Rome/ Sam Allen

or [email protected]

 

 

About SSW

Established in 2008, SSW specialises in the provision of alternative super-fast broadband for premises located in areas where there are poor wired broadband speeds. With customers in 31 countries SSW uses satellite and fixed wireless broadband technologies to connect users who are either unserved or underserved.

 

SSW's solutions target B2C and B2B users, and the Company has products developed specifically for the broadcasting, Police and Military markets as well as consumers. SSW operates a number of brands such as Europasat (satellite broadband services in Europe), Breiband (Nordics) and SkyMesh (Australia) and Quickline Communications (fixed wireless services in the UK) and is now the fourth largest independent provider of satellite broadband internet services in the world.

 

The 2015 listing on the AIM market of the London Stock Exchange, together with the support from Business Growth Fund and investors in 2016 and 2017, mean the Company now enjoys strong organic growth and recurring revenues, complementing its acquisition strategy. There is a major opportunity to continue the acquisition plan throughout the fragmented European satellite and fixed wireless broadband markets and further afield.

 

Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 40 Mbps satellite based broadband services or fixed wireless to almost any premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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