Fixed WiMax operator BigAir (ASX:BGL) has upgraded its FY11 ebitda guidance by 30% on the strength of its performance so far.
The company - which operates a network covering Sydney, Melbourne, Brisbane, the Gold Cost, Adelaide and Perth - now expects to post a full-year underlying ebitda of $5.2 million.
This would be a 63% increase on the company's FY10 ebitda of $3.2 million.
BigAir said its consolidated revenues surpassed $1.9 million for the month of March, with $1.4 million earned by the fixed wireless division and the remainder from its student accommodation unit.
Underlying ebtida for March likewise reached $625,000, representing an annualised run rate of $7.5 million.
BigAir estimated that a further $1.6 million in annualised cost savings will be realised over the next 12 to 18 months.
BGL shares fell 2.7% during Friday's trading to $0.180.
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