21st May 2008 07:00
RNS Number : 9260U
Avanti Communications Group Plc
21 May 2008
Date: 21 May 2008
On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")
Embargoed until: 0700hrs
Avanti Communications Group plc
Contract Win
Avanti Communications Group Plc (AIM: AVN), the satellite operator, has been selected as the preferred bidder by the Scottish Executive to undertake the Broadband Reach project. This project offers grant funding of up to £3.4 million to ensure basic broadband services are delivered to those businesses and households that do not have access to broadband. The contract is expected to be awarded in June 2008.
Enquiries to:
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Avanti Communications Group plc
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http://www.avanti-communications.com/
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David Williams
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020 7749 1600
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Redleaf Communications Ltd
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[email protected]
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Samantha Robbins/ Rebecca Sanders-Hewett/ Anna Dunkin
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020 7822 0200
[email protected]
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Cenkos Securities
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Ivonne Cantu / Julian Morse
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020 7678 8000
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Notes to Editors:
About Avanti Communications
Avanti Communications Group's shares were admitted to AIM on 16 April 2007;
Avanti Communications Group is the only licensed Fixed Satellite Services operator headquartered in the UK (and one of only eight such groups operating in Europe);
Avanti is licensed to provide satellite services using spectrum which provides coverage of Europe, India, The Middle East, Central Asia, Africa and the Americas.
Avanti's first satellite, called HYLAS is under construction and due for launch in 2009; the company plans further satellite projects;
Avanti, which has over 10 years' experience in the satellite industry, currently provides satellite data communications services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch;
It's customers include broadband service providers, large businesses, the British and foreign governments, the European Union and the European Space Agency;
The core applications for which Avanti expects HYLAS capacity to be used are broadband, corporate data networks, video distribution and military/security;
No further funding is required for the HYLAS project following successful completion of a long term debt facility in July 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
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Related Shares:
AVN.L
