Proactive Investors - Run By Investors For Investors

Satellite Solutions Worldwide subsidiary to develop new UK wireless broadband network

Quickline Communications will be part of a £2.1mln grant-funded project to explore and establish standards for the next generation of 5G fixed wireless broadband services
Using wireless broadband
If the trial goes well, Quickline will be able to deploy the technology commercially

Satellite Solutions Worldwide Group PLC (SSW) (LON:SAT) has said its wholly-owned subsidiary, Quickline Communications Ltd (QL), has been awarded 5G and TV Whitespace Field Trials funded by Broadband Delivery UK (BDUK), part of the Department for Digital, Culture, Media and Sport.

The AIM-listed alternative super-fast broadband provider said that QL will be part of a £2.1mln grant-funded project to explore and establish standards for the next generation of 5G fixed wireless broadband services utilising unused TV whitespace spectrum to increase superfast broadband penetration in rural areas.

READ: Satellite Solutions reaching for the sky

The company added that QL expects the project to be neutral regarding underlying earnings (EBITDA) in the current financial year and generate a positive EBITDA of around £100,000 in year two.

SSW said that if the trial goes well, QL will be able to fully deploy the technology commercially alongside its other fixed wireless technologies.

Steve Jagger, managing director of Quickline Communications, said: "We believe superfast TV Whitespace technology will work well alongside our higher capacity wireless to deliver superfast services to very remote areas and properties including locations that our current standard fixed wireless services cannot universally reach”.

He added: "In commercial terms, we believe that helping to develop and utilise this technology will mean that we can increase our ability to connect potential customers who approach us for a connection from 70% of callers to over 90%. This will really increase our network reach as a business as well as improving the ROI of our marketing spend.”

View full SAT profile View Profile

Satellite Solutions Worldwide Group Timeline

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use