Bigblu Broadband’s Strategic Moves in 2024: A Year of Transformation

The latest update is out from Bigblu Broadband plc ( (GB:BBB) ).

Bigblu Broadband plc’s 2024 financial year was marked by strategic moves aimed at operational improvement and shareholder value realization. The company invested in Starlink to offer LEO internet solutions, generating £0.4m in revenue. In Australia, Skymesh, a leading satellite broadband provider, faced challenges but stabilized by year-end, generating £22.2m in revenue. The disposal of Skymesh for up to AUD$50.2m allowed Bigblu to retain a stake in the acquiring company, SKM, while reducing debt. Quickline secured significant government contracts to expand broadband in rural UK areas, supported by substantial funding. The company also completed the disposal of its Norwegian operations, reducing central costs. With a focus on governance and shareholder returns, Bigblu aims to leverage its interests in SKM and Quickline for future value.

More about Bigblu Broadband plc

Bigblu Broadband plc is a company operating in the telecommunications industry, primarily offering satellite broadband services. It focuses on providing internet solutions to business and residential customers, with a significant presence in Australia, the UK, and Europe.

Average Trading Volume: 318,601

Technical Sentiment Signal: Sell

Current Market Cap: £10.25M

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