Christopher Mills Increases Stake in Bigblu Broadband Following Tender Offer

Bigblu Broadband plc ( (GB:BBB) ) just unveiled an update.

Bigblu Broadband plc announced that investment vehicles associated with Christopher Mills, a Non-Executive Director, have acquired a significant number of shares in the company following a tender offer. This transaction increases Mills’ total interest to over 25% of the company’s issued share capital, potentially strengthening his influence within the company. The move reflects confidence in Bigblu’s strategic direction and market potential, particularly as it continues to expand its alternative broadband services in underserved regions.

More about Bigblu Broadband plc

Bigblu Broadband plc is a prominent provider of alternative superfast and ultrafast broadband solutions, operating primarily in Australasia and the Nordics. The company offers a range of wireless broadband products for both consumers and businesses that are underserved by traditional fiber networks, with services including satellite, next-generation fixed wireless, and 4G/5G FWA. These solutions provide speeds from 30 Mbps to 1 Gbps, catering to the growing demand for high-speed internet in areas lacking fiber infrastructure.

YTD Price Performance: -18.84%

Average Trading Volume: 316,748

Technical Sentiment Signal: Strong Buy

Current Market Cap: £12.21M

See more insights into BBB stock on TipRanks’ Stock Analysis page.