BigAir Group Acquires OzEmail iBurst customers
- 29 November, 2005 11:26
<p>BigAir Group Limited (“BigAir”) subsidiary, Veritel Wireless, has taken over the management, support and billing of all OzEmail wireless (iBurst) customers. Under the terms of the sale agreement the acquisition by BigAir includes more than 3,000 wireless subscribers all of whom have now been migrated to the BigAir core network and billing systems.</p>
<p>BigAir managing director, Jason Ashton said that this acquisition puts BigAir ahead of schedule for its target to reach 10,000 customers by November 2006. “Prior to this acquisition BigAir’s customer base had already reached 4,000 and it is growing rapidly. BigAir customers are attracted to the speed and flexibility of our ‘copper-free’ wireless broadband networks and they are also attracted to the premium service levels offered across all of the services that we deliver.”</p>
<p>The move follows BigAir Group’s recent acquisition of Veritel Wireless and precedes the company’s upcoming listing on the ASX. “We are the only Australian wireless provider to offer a complete range of fixed, portable and mobile wireless broadband services and we have plans to expand our network and wireless service offerings into the other major capital cities across Australia,” Jason Ashton said. “We have already extended an offer to invest in our Initial Public Offering (IPO) to our existing customers which has been well received and we are now delighted to be able to offer our extended customer base the opportunity to participate in the upcoming float.”</p>
<p>BigAir Group’s iBurst service is a completely mobile wireless broadband service. It is an 'always on' Internet connection that enables users to surf the web, do email, download files, access office VPN networks, and more, all at speeds of up to 1Mbps. With iBurst, users can access broadband in their home, office, or on the move as it is transmitted though the air waves from local radio towers to a computer within the coverage area, and provides access to the Internet without the need for dedicated telephone lines or cable TV connections.</p>
<p>The IPO for shares in BigAir Group Limited is made in accordance with its Prospectus lodged with the Australian Securities and Investments Commission on 20 October 2005. Application for shares under this offer can only be made on the application form attached to the Prospectus. The Prospectus is available during the Offer Period at www.bigair.com.au/prospectus <http:>. BigAir Group has extended the closing date for its IPO for two weeks in order to allow its most recently acquired customers the opportunity to invest in its IPO.
BigAir is a Licensed Telecommunications Carrier and infrastructure based ISP rolling out its own broadband network across Sydney, with plans to rollout in to other capital cities, using carrier-grade high-speed wireless equipment. BigAir is able to offer businesses a range of communication solutions including high-speed symmetric wireless broadband from 2M to 100M, mobile wireless broadband services for laptops and PC’s, hosting and data centre services, and more recently business-grade Voice over IP (VoIP) services. BigAir has end-to-end ownership of its fixed wireless infrastructure and also has wholesale access to the other leading wireless networks including iBurst and Unwired. For more information, please visit www.bigair.com.au <http:>.</http:></http:></p>
<p>For information regarding the IPO or to request a copy of the prospectus please contact: BBY Limited (Lead Broker for the IPO) on 1800 551 212.</p>
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