Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
https://www.insidermedia.com/insider/southwest/broadband-provider-bought-in-bgf-backed-deal
Satellite Solutions beams higher with transformational £10mln acquisition Share http://www.proactiveinvestors.co.uk/companies/news/127949/satellite-solutions-worldwide-group-beams-higher-with-transformational-10mln-acquisition-127949.html 10:13 07 Jul 2016 The transformational deal will make the firm the UK's leading satellite broadband provider, giving it around 35,000 users across Europe. A huge satellite dish The firm, whose customers include the BBC, the police, and the UK Ministry of Defence, is aiming to gain 100,000 customers by the end of 2017 Shares in expanding telecoms group Satellite Solutions Worldwide Group plc (LON: SAT) beamed almost 10% higher as it unveiled the acquisition of UK satellite broadband provider Avonline for £10mln - its largest purchase to date. The transformational deal will make the firm the UK's leading satellite broadband provider, giving it around 35,000 users across Europe. The group, whose customers include the BBC, the police, and the UK Ministry of Defence, is aiming to gain 100,000 customers by the end of 2017. The acquisition will be paid in full from a new £12mln investment from Business Growth Fund PLC, it revealed. Satellite's chief executive Andrew Walwyn told investors: "The acquisition of Avonline Broadband is our largest to date and shows just how far we have come since joining the market in May last year and we intend to continue with our stated buy-and-build strategy going forward to deliver significant shareholder value over the near-term." The group expects turnover from Avonline Broadband of at least £5mln in the first full year of ownership and it to contribute earnings before interest and tax around.£2.5mln. The investment from BGF comes in the form of an £9.6mln unsecured loan, with a further £2.4million in an unsecured convertible loan note converting at 9p a share. BGF has also been given the option to buy over 74mln shares at 7.5p each. Satellite Solutions must start repaying the capital in May 2021. Shares rose 9.68% to 8.5p each.
Excellent day and so it should be there was no need for the drop. Great to see
That's better out we come welcome back all... Hopefully some more news soon with the second acquisition. Then onto some financial news about how we are smashing expectations..... Wouldn't that be good...
Okaywell as long as the four of us don't sell we'll be magic. Lol.....
Yippeeeeeee, I'm not alone. Yes this is good news I didn't expect them to announce anything pretty Brexit but good to see that they are now just getting on with business as usual and the continued acquisitions are starting again. Keep it up as you say nothing has changed so a recovery to the stock price would be welcomed. Have a good day countback.
Whoosh........hello anyone home? Am I all alone?
Very boring at the moment -roll on referendum...zzzzz
http://www.computerweekly.com/news/450298530/BDUK-finds-mroe-cash-for-rural-broadband
No go
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directorial.com/
http://www.*****************/avanti-communications-ceo-david-williams-sky-news/
Think it's time for a wee bit more news, gone a bit stale. I thought we might have heard something by no regarding the funds that were recently borrowed and the possible pipeline acquisitions.??
Slugworth, Why are you here on this board then if you have no interest. What is it about people...??
http://www.thetimes.co.uk/article/c771f186-1d3f-11e6-9957-6ca526c60cd9 Britons will have a legal right to fast broadband under plans to bring rural areas and unconnected households into the 21st century. A law enshrining the right to broadband will mean that up to a million people in rural areas, who have long suffered terrible coverage, can demand a better service. It brings internet connectivity into line with the right to get electricity, telephone and postal services.
It is an overall speech meaning that there must be a minimum speed to every household and business. There are many different methods to create this speed. However many rural homes and business cannot be reached by conventional cable lines and therefore this is why Satellite Solutions Worldwide have an agreement for last mile broadband via satellite with the government. This is more good news.
Any one see the Queens speech - opening news headline Every UK household will have legal right to a fast broadband connection Legendary... Roll on Sat.