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Contract Win

18th Nov 2009 07:00

RNS Number : 6683C
Avanti Communications Group Plc
18 November 2009
 

 



Date: 18th November 2009

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 broadband satellite operator, has signed a 3 year VNOcontract with Digisat Media of Spain. This contract is the first that will use HYLAS capacity for the distribution of radio station content to local broadcast points across the country. Digisat works with both broadband and digital media applications and together with Avanti expects to generate significant additional business.

Avanti will begin services for Digisat on its leased capacity, transferring to HYLAS after launch.

David Williams, Chief Executive of Avanti said;

"This contract underlines the diversity of applications which can exploit our high speed, low cost HYLAS satellite, and demonstrates growing demand in different geographies and sectors. We have also observed since the upgrade to our launch in the Summer that several large scale pipeline opportunities have taken significant steps towards contract as a result of those customers' increased confidence in our project. I have great confidence that our pipeline of business will enable us to fill HYLAS in line with expectations and expect to report further on this soon."

Enquiries to:

Avanti Communications Group plc

David Williams

http://www.avanti-communications.com 

020 7749 1600

Redleaf Communications Ltd

[email protected]

Sam Robbins / Paul Dulieu

020 7566 6700

Cenkos Securities

Julian Morse / Ivonne Cantú

 020 7397 8900

Notes to Editors:

About Avanti Communications

Avanti sells satellite broadband services to telecoms companies which use them to supply homes and businesses. 
Avanti's first satellite, called HYLAS is under construction and will be the first superfast broadband satellite launched in Europe. 
The market for 2Mb satellite broadband products in Europe is estimated at more than 70 million households. 
Avanti currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch. 
The European Commission has set aside funding for rural broadband projects in 79 regions across Europe with a total value of EUR2.8 billion over the next five years. 
David Williams evidence to the Select Committee on Broadband can be seen at http://www.parliamentlive.tv/Main/Player.aspx?meetingId=5033 

About Digisat Media

Digisat Media is dedicated to providing broadband solutions to resolve the challenges of the digital divide using its skills in delivering connectivity via satellite. It also provides value added services to many sectors of industry including transportable solutions to light Vehicles, Boats and Trains, IPTV e-learning and content distribution. Operations deliver services in areas as widely spread as America, Africa, Europe and the Middle East.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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