M&A Deal Summary

Bigblu Broadband Acquires Nextnet AS

On March 6, 2017, Bigblu Broadband acquired communications company Nextnet AS

Acquisition Highlights
  • This is Bigblu Broadband’s 11th transaction in the Communications sector.
  • This is Bigblu Broadband’s 3rd transaction in Norway.

M&A Deal Summary

Date 2017-03-06
Target Nextnet AS
Sector Communications
Buyer(s) Bigblu Broadband
Deal Type Add-on Acquisition

Target

Nextnet AS

Oslo, Norway
NextNet is a provider of fixed wireless and ADSL broadband solutions to c. 1,680 residential and business customers in an area about 150km north of Oslo. NextNet is focused on areas and regions in Norway where there are limited, affordable and reliable broadband alternatives.

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Buyer(S) 1

Buyer

Bigblu Broadband

London, United Kingdom

Category Company
Founded 2014
Sector Communications
Employees9
Revenue 27M GBP (2022)
DESCRIPTION

Bigblu Broadband is a global communications company specializing in rural, last-mile, and emergency communications, via satellite, to anywhere on the planet. Bigblu Broadband was founded in 2014 and is based in London, England.


DEAL STATS #
Overall 11 of 12
Sector: Communications M&A 11 of 12
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Norway M&A 3 of 3
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Bordernet Internet Pty

Surfers Paradise, Australia

BorderNET provides satellite broadband to c. 3,500 residential and business customers in Australia and specialises in providing broadband services to farming and remote communities. It has a loyal customer base and integration with the group's Australian operations is expected to result in cost synergies. The Australian government, via NBN Co, continues to invest in its SkyMuster satellites which will underpin continued customer growth by providing increased access to satellite broadband services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-28 Quickline

Willerby, United Kingdom

Quickline is a provider of fixed wireless broadband in the UK. Quickline has been actively working with Broadband Delivery UK ('BDUK'), a government-backed scheme designed to support the roll-out of high-speed broadband in areas of the UK which are not eligible for mainstream fibre or network connections. Quickline was founded in 2008 and is based in Willerby, United Kingdom.

Buy £5M