Bigblu Broadband PLC - London-based broadband service provider - Confirms in response to Australian media reports that it is in discussions with Melbourne-based alternative investment manager Salter Brothers for a deal involving subsidiary SkyMesh. Says the potential transaction ‘is in line with the board’s stated strategy to assess all options to realise value and maximise returns for shareholders from its operating assets’. SkyMesh, which provides internet connectivity services to customers in regional and rural Australia, is headquartered in Brisbane. Sydney-based newspaper Australian Financial Review on Tuesday reported that BigBlu entered into exclusive terms to fully sell SkyMesh to Salter Brothers.

Current stock price: 37.50 pence each, up 47% late Tuesday morning in London

12-month change: down 4.2%

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