BBB has completed the acquisition of c5.9k satellite customers in Australia by acquiring the satellite operations of Harbour ISP, which is a subsidiary of the Uniti Group. The business is expected to generate annualised revenue of £2.5m, £0.7m of adjusted EBITDA, and be immediately accretive, and including the acquisition from today, we upgrade our FY23 revenue by +6% to £37.0m, adjusted EBITDA by +8% to £5.6m, and adjusted EPS by + 7% to 5.6p. The cash consideration of up to £2.9m has been fund ....

02 Feb 2023
Bigblu Broadband - Completion of accretive acquisition drives +6-8% upgrades
Bigblu Broadband plc (BBB:LON) | 60.5 0.9 2.5% | Mkt Cap: 35.4m
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Andrew Darley | Michael Hill
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8 pages
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Bigblu Broadband - Completion of accretive acquisition drives +6-8% upgrades
Bigblu Broadband plc (BBB:LON) | 60.5 0.9 2.5% | Mkt Cap: 35.4m
- Published:
02 Feb 2023 -
Author:
Andrew Darley | Michael Hill -
Pages:
8 -
BBB has completed the acquisition of c5.9k satellite customers in Australia by acquiring the satellite operations of Harbour ISP, which is a subsidiary of the Uniti Group. The business is expected to generate annualised revenue of £2.5m, £0.7m of adjusted EBITDA, and be immediately accretive, and including the acquisition from today, we upgrade our FY23 revenue by +6% to £37.0m, adjusted EBITDA by +8% to £5.6m, and adjusted EPS by + 7% to 5.6p. The cash consideration of up to £2.9m has been fund ....