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 ....

23 Apr 2021
Bigblu Broadband - BBB to sell investment in Quickline for £48.6m

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Bigblu Broadband - BBB to sell investment in Quickline for £48.6m
Bigblu Broadband plc (BBB:LON) | 44.5 0 0.0% | Mkt Cap: 26.0m
- 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 ....