Bigblu Broadband Sells Norwegian Division

Bigblu Broadband plc (GB:BBB) has released an update.

Bigblu Broadband plc has announced the strategic disposal of its Norwegian operations, Brdy Group, to an entity led by the Norwegian Management Team and the former CEO, Andrew Walwyn. The sale, valued at an initial £1 and potential additional earnings based on future performance, is part of a broader effort to reduce costs and focus on the company’s Australian assets and Quickline stake. This move comes after considerable challenges in the Norwegian market, including high customer attrition and competition from fibre providers.

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