Bigblu Broadband plc (GB:BBB) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Bigblu Broadband plc has agreed to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd for up to AUD$50.20 million. This transaction, which awaits shareholder approval, is expected to generate significant returns and will be utilized to reduce debt and potentially return cash to shareholders. The sale represents a strategic move to focus on core business operations while retaining a stake in SkyMesh’s future growth.
For further insights into GB:BBB stock, check out TipRanks’ Stock Analysis page.
