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 ....
