Serial raider BigAir posts profit jump
- 18 February, 2014 17:02
Wireless broadband provider, Big Air Group, has posted an strong half-year profit as it expands into Cloud, managed services and unified communications.
The company, which has acquired a number of companies between 2010 and 2012, recorded a $3.1 million half-year net profit – an increase of 53 per cent on the previous period.
Revenue was also up 19 per cent to $17.8 million, while earnings per share increased 48 per cent to 1.85 cents.
Big Air chief executive, Jason Ashton, said a series of successful acquisitions had cemented BigAir’s position as the largest provider of business grade wireless broadband services in Australia.
“This laid the foundation for our recent expansion into the exciting new growth market segments of Cloud, managed services and Unified Communications,” he said.
“These acquisitions once fully integrated are expected to expand our revenues and earnings significantly and ultimately to drive shareholder value.”
The integration of Anittel Communications and Intelligent IP will be completed before the end of 2015.
Ashton said the acquisition of Intelligent IP and Anittel Communications gave the company considerable knowledge and intellectual property around Cloud, managed services and unified communications.
“These service offerings are highly complementary with BigAir’s existing network solutions and customer assets and they will be consolidated, rationalised and enhanced to provide a broader portfolio of services to our entire customer base.”
The company has also appointed former Dimension Data Cloud chief technology officer, Scott Atkinson, as CTO of Cloud and managed services.
Ashton said the second half of the financial year would benefit from the inclusion of revenue from Intelligent IP and Anittel.
“With an expanded suite of business telecommunications solutions now in place, there are substantial opportunities to expand our revenue through cross-selling services to our existing customer base,” he said.
“We have already had some initial success cross-selling the unified communications platform to BigAir Customers with one of the largest hotels in Sydney and a longstanding data customer signing up in December 2013.”
The company is also having ‘early success’ expanding its community broadband division into growth markets of retirement living and public Wi-Fi.
It has also signed up its first student site for delivery of managed IPTV infrastructure alongside managed Wi-Fi.
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