23 Apr 2021
Bigblu Broadband - BBB to sell investment in Quickline for £48.6m
Bigblu Broadband has today announced the sale of its 52.7% stake in Quickline to Northleaf for a maximum initial consideration to BBB of up to £48.6m, including £31.1m in cash upon completion. The transaction implies a Quickline equity value of £92.1m, and represents a highly attractive valuation for BBB, with Quickline valued on FY20 financials at 24x EV/Sales or 59x EV/EBITDA, and 12-month forward 11x EV/Sales and 23x EV/EBITDA based on our previous Quickline forecasts. It values Quickline on ....
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Bigblu Broadband - BBB to sell investment in Quickline for £48.6m
Bigblu Broadband plc (BBB:LON) | 38.5 0.2 1.3% | Mkt Cap: 22.5m
- Published:
23 Apr 2021 -
Author:
Andrew Darley | Michael Hill -
Pages:
20
Bigblu Broadband has today announced the sale of its 52.7% stake in Quickline to Northleaf for a maximum initial consideration to BBB of up to £48.6m, including £31.1m in cash upon completion. The transaction implies a Quickline equity value of £92.1m, and represents a highly attractive valuation for BBB, with Quickline valued on FY20 financials at 24x EV/Sales or 59x EV/EBITDA, and 12-month forward 11x EV/Sales and 23x EV/EBITDA based on our previous Quickline forecasts. It values Quickline on ....