tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Bigblu Broadband Sells SkyMesh in Strategic Move

Bigblu Broadband Sells SkyMesh in Strategic Move

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

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1