– UK, Bicester – Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural and last mile broadband, announces the appointment of Stephen Morana as a Non-Executive Director of the Company with immediate effect.
Stephen has a wealth of technology, financial and equity capital markets experience. Until recently, Stephen was CFO of Zoopla Property Group plc, the FTSE250 digital media group, which also owns the uSwitch business. Before that he spent a decade at Betfair plc during which time he acted as CFO and interim CEO. He was part of the management team that grew the business from an early stage start-up to a multi-billion-pound listed business, which ultimately merged with Paddy Power to create one of the world’s largest public online betting and gaming companies.
Stephen is currently on the board of Boohoo.com plc the fast fashion global success story that is now one of AIM’s largest businesses, and GVC plc the European gaming business which operates brands such as Bwin and Partypoker.
At the same time Rodger Sargent will resign his position as a Non-Executive Director with immediate effect having helped the Company’s transition from a private to public entity and been an integral part of the team that has successfully grown the business to date.
Andrew Walwyn CEO at SSW said: “We are delighted to have someone of Stephen’s calibre join the Board. His experience of high growth companies and knowledge base within the equity markets will be invaluable as the business continues to grow rapidly both organically and through select acquisitions. We have executed several deals and grown rapidly since joining the market in 2015 and look forward to having Stephen on board as we further demonstrate our ability to dominate the sector. We would also like to thank Rodger who was instrumental in helping the Company list on AIM and remains a strong supporter of the Company.”
Established in 2008, SSW specialises in the provision of rural and last mile broadband services with customers across 32 countries. SSW’s solutions target B2C and B2B users, and the Company has products developed specifically for the broadcasting, Police and Military markets. SSW operates a number of brands such as Europasat (Europe), Breiband (Nordics) and SkyMesh (Australia) and is now the fourth largest independent provider of satellite broadband internet services in the world.
Last year’s listing on the London Stock Exchange together with the support from Business Growth Fund and the investor community this year have put the Company in an excellent position to continue strong organic growth in its subscriber base and recurring revenues as well as execute on its preferred acquisition partners. The Directors of SSW believe there is a major opportunity to continue this organic growth and as appropriate consider acquisitions throughout the fragmented European satellite broadband market and further afield.
Working closely with satellite owners and operators, SSW targets customers in the ‘digital divide’ with solutions that deliver up to 30 Mbps satellite based broadband services or fixed wireless to almost any premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.
For more information : https://www.satellitesolutionsworldwide.com
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