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Satellite Solutions (SAT)

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Tuesday 15 May, 2018

Satellite Solutions

Completion of Acquisition

RNS Number : 1763O
Satellite Solutions Wldwide Grp PLC
15 May 2018
 

 

 

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

 

Completion of Acquisition

 

Following the announcement made earlier today, Satellite Solutions Worldwide Group plc (AIM: SAT), a leading provider of alternative fast broadband services, announces that is has completed the acquisition of Open Sky S.R.L.

 

Contacts:

Satellite Solutions Worldwide Group PLC

www.satellitesolutionsworldwide.com

Andrew Walwyn, Chief Executive Officer

Via Walbrook PR



Numis Securities (Nomad and broker)

Oliver Hardy (Corporate Advisory)

James Black / Jonathan Abbott (Corporate Broking)

Tel: +44 (0)20 7260 1000



 

Walbrook PR (PR advisers)

Tel: +44 (0)20 7933 8780

Paul Cornelius / Nick Rome/ Sam Allen

or [email protected]

 

 

About SSW

 

Established in 2008, the Group specialises in the provision of alternative fast broadband for premises located in areas where there are poor wired broadband speeds. With customers in 30 countries, SSW uses satellite and fixed wireless broadband technologies to connect users who are either unserved or underserved.

 

SSW's solutions target B2C and B2B users, and the Company has products developed specifically for consumers, business and government markets. SSW operates a number of brands such as Europasat (satellite broadband services in Europe), Breiband (Nordics), SkyMesh (Australia) and Quickline Communications (fixed wireless services in the UK) and is a leading provider of fast broadband internet services via satellite and fixed wireless services.

 

The 2015 listing on the AIM market of the London Stock Exchange, together with funding and support from BGF and other investors in 2016 and 2017, means the Company now enjoys strong organic growth and recurring revenues, complementing its acquisition strategy.

 

Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 40 Mbps satellite based broadband services or fixed wireless to premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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