BigAir records sixth consecutive year of growth

BigAir records sixth consecutive year of growth

BigAir hopes to capitalise on changes to NBN technology mix

Fixed wireless network company BigAir has reported its sixth consecutive year of growth and is hoping to capitalise on changes to the NBN technology mix.

Big Air chairman Paul Tyler told the company’s annual general meeting in Sydney that the growth of underlying EBITDA had been particularly strong, with a compound annual growth rate of 77 per cent per annum over the last five years.

“With improved earnings and strong cash flows in FY2013, combined with an attractive growth outlook, the company continued with its dividend policy and declared a fully franked dividend of 1 cent per share,” he said.

“We have progressed the integration of our most recent acquisitions to ensure that their full benefits are realised.”

On September 13, the company completed the share sale agreement to acquire Western Australia-based telco carrier Intelligent IP Communications.

Tyler said this acquisition provided BigAir with its own unified communications platform and some extensive wireless assets in WA.

“We are optimistic about the potential to cross sell these new platforms into our existing customer base.”

The company recorded $5.5 million profit, compared to $4.4 million the previous year and has reported likely changes to the NBN rollout mix could lead to opportunities for its wholesale fixed wireless business.

BigAir’s wireless network can deliver ultra-fast speeds up to 1Gbps.

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