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Company Information

Company at a Glance

Industry:
Wireless Telecommunication Services
Fiscal Year-End:
Jun 10

Company Overview

BigAir Group Limited (BGL) is a telecommunication carrier that specialises in providing wireless broadband solutions for business and government. BGL's wireless network provides coverage to a vast region of Sydney and plans to expand this network to other Australian capital cities and metropolitan markets. In addition, BigAir also provides portable and fully mobile broadband services to professional and corporate users through its Veritel Wireless division.

Company History

BigAir was founded in 2002 by Jason Ashton and Patrick Choi. It listed on the ASX in April 2006. In June, BGL acquired approximately 800 iBurst customers from T3 Wireless, a subsidiary of Paciific Internet.

Industries Of Operation

BGL operates in the Telecommunications Sector, providing a range of broadband services. The Australian broadband market has grown rapidly and the fastest growing segment of this market is expected to be that of wireless broadband.

Differentiating Factor

BigAir owns and operates one of Australia's fastest VoIP capable high speed fixed wireless networks. Unlike many of its competitors, BigAir can deliver data and voice services to its customers without reliance on Telstra or other carriers.

Major Customers & Competitors

Customers of BGL's Veritel Wireless division include Sony Australia, News Corporation, McKinsey Consulting and Jones Land LaSelle. Its competitors include other Internet Service Providers including Telstra, Optus and Primus Telecom.

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Market Statistics

Market Cap ($M):
17.5
Equiv. Shares (M):
92.0
% All Ords:
n/a
12Mth Range ($):
0.06 - 0.22
Turnover ($M pa):
4.5
Index:
NON ASX
Sector:
Telecommunication Services
Industry Group:
Telecommunication Services
Industry:
Wireless Telecommunication Services
Sub Industry:
Wireless Telecommunication Services

Last 5 Market Sensitive Announcements

Date
Announcment
13-Jul-10 10:12
Wholesale Partnership Agreement with NTT
01-Jul-10 18:48
Acquisition of Leading Wholesale Managed ISP
07-May-10 13:53
Profit upgrade for FY2010 EBITDA to $3 million
01-Apr-10 17:08
Acquisition of Wizz Communications business
15-Feb-10 15:08
Appendix 4D - Half Year Accounts - EBITDA up 68%

Calendar Of Events

Date
Event
18-Aug-09
Reporting Date for Final Year Result
18-Feb-09
Reporting Date for Half Yearly Result
21-Nov-08
AGM Date for Final Year Result
21-Oct-08
Reporting Date for Final Year Result
20-Feb-08
Reporting Date for Half Yearly Result

Directors

Name
Position
J Ashton
Director
N Jeffries
Non-Executive Director
P Choi
Director
Mr Stewart
Director

Management

Name
Position

There are no recorded management positions for this company.

Substantial Shareholders

Name
% Holding
Clever Communication Australia Limited
13.6
Private Nominees
9.6
Vorpal Pty Ltd
8.5
LJ Catelan
7.0
ML Catelan Superannuation
6.5
Cullingral Pty Ltd
5.3

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Telstra Corp 10.3 10.5 8.3 40,066.7 3.22 none
Telecom NZ 10.3 (30.0) 9.0 3,073.1 1.60 none
TPG Telecom 21.0 n/a 3.8 1,386.0 1.81 none
Singtel 10.7 14.2 4.7 1,114.1 2.53 none
BigAir Group 5.1 n/a 0.0 17.5 0.19 none

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