Sydney, Feb 13, 2006 AEST (ABN Newswire) - BigAir Group Limited (ASX: BGL) has lodged a Prospectus with ASIC for an Initial Public Offering to raise up to $10 million and to list its shares on the Australian Stock Exchange. The Lead Broker to the offer is BBY Limited and the Prospectus can be found at www.bigair.com.au/prospectus

BigAir is a next generation telecommunications carrier rolling out a broadband network using carrier-grade high-speed wireless equipment. BigAir is delivering broadband Internet services to businesses and residences. The service is delivered through point-to-multipoint fixed wireless infrastructure operating in the 2.4Ghz and 5.8Ghz spectrum, which is regulated for Class License use by the Australian Communications Authority.

There has been widespread proliferation of wireless local LAN technologies in recent years. In particular corporate wireless LAN as well as public hotspots are now providing wireless LAN services within the confines of office buildings, hotels and cafes. With its proprietary RF design techniques, BigAir is leveraging the enormous investment in 802.11 based technologies, and extending it to provide a much larger wide-area network coverage. BigAir's wireless network provides an alternative and superior broadband service.
BigAir delivers a unique combination of carrier grade reliability and small service provider flexibility to the small to medium sized enterprise and residential markets.

About Bigair Group Limited

BigAir Group Limited (BigAir) is a next generation licensed telecommunications carrier that specialises in providing comprehensive wireless broadband solutions for business and government.

BigAir has built its own fixed wireless network which covers large areas of Sydney, and plans to expand this network to other Australian capital cities and metropolitan markets. This high-speed wireless network allows BigAir to provide business-grade broadband services and Voice over IP (VoIP) telephony services to businesses looking to upgrade their office communications and bypass the legacy copper networks.

 


Contact

Michelle Zahra, Porter Novelli
Phone: +61 (02)8424-8500 (9am-5pm AEST)
Email: mzahra@porternovelli.com.au


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