Aim-listed satellite internet group transmits higher full year forecasts

 
Billy Bambrough
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SSW’s satellites provide internet in 32 countries
SSW’s satellites provide internet in 32 countries (Source: Getty)

​Satellite Solutions Worldwide (SSW), an Aim-listed rural and last mile broadband provider, is expected to reveal its full year earnings for 2016 will be ahead of expectations.

The group is set to publish a trading update for its full year to 30 November this morning.

“The rapid and successful integration of the acquisitions which we have completed around the world, both big and small, show the robustness of our systems and management’s ability to control growth,” said Andrew Walwyn, chief executive at SSW.

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SSW is expected to be on track to exceed its previously stated strategy of achieving 100,000 customers by the end of 2017.

During 2016 SSW completed six acquisitions, secured £12m of new unsecured convertible debt funding and completed a successful equity placing, raising £12.1m to fund acquisitions.

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