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Bigblu Broadband plc ( (GB:BBB) ) has shared an announcement.
Bigblu Broadband plc has completed the sale of its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd for a total consideration of up to AUD$50.20 million. This transaction is expected to help Bigblu Broadband manage its financial strategy, including repaying its debt with Santander and potentially returning cash to shareholders, thereby impacting its capital structure and stakeholder interests positively.
More about Bigblu Broadband plc
Bigblu Broadband plc is a leading provider of alternative super-fast and ultrafast broadband services.
YTD Price Performance: 2.99%
Average Trading Volume: 65,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £20.3M
For an in-depth examination of BBB stock, go to TipRanks’ Stock Analysis page.