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Contract Win

24th Nov 2008 07:00

RNS Number : 7296I
Avanti Communications Group Plc
24 November 2008
 

Date: 24 November 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 notified by the Department of Enterprise Trade and Investment that it intends to award the contract for supply of remote broadband services in Northern Ireland to Avanti, subject to the mandatory two week standstill period, a standard practice in government procurement. The contract value is £1.1m, which covers the costs of installing and managing network infrastructure, with end user customers then paying ongoing monthly subscription charges worth approximately £450,000 per annum.

David Williams, Avanti Chief Executive said "We are delighted with this contract award which yet again shows that Avanti is a market leader in the provision of rural broadband services and are proud to be a part of making the United Kingdom the most internet-enabled country in the World. Through projects sponsored by the European Commission, people all over Europe will follow the lead of the UK in the next few years and Avanti is perfectly positioned to win large amounts of this business. We have never lost a tender for a government funded rural broadband project."

Enquiries to:

 

Avanti Communications Group plc
www.avantiplc.com

David Williams

020 7749 1600

Redleaf Communications Ltd

020 7566 6700

Emma Kane/ Samantha Robbins/ Paul Dulieu

[email protected]  

 

Cenkos Securities

Ivonne Cantu / Julian Morse

 020 7678 8000

Notes to Editors:

About Avanti Communications

·; Avanti Communications Group plc is the only licensed Fixed Satellite Services operator headquartered in the UK (and one of only eight such groups operating in Europe);
·; Avanti sells wholesale satellite broadband services to telecoms companies which supply customers in consumer, enterprise and institutional markets.
·; Avanti’s first satellite, called Hylas is under construction and due for launch in 2009; the company plans further satellite projects.
·; Avanti, which has more than 10 years’ experience in the satellite industry, currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to Hylas on launch.
·; No further funding is required for the Hylas project following successful completion of a long term debt facility in July 2007.
·; The European Commission has set aside funding for rural broadband projects in 79 regions across Europe with a total value of €1.8 billion over the next five years. 

About DETI

The Northern Ireland Government Department of Enterprise, Trade and Investment ("DETI") is responsible for economic policy development, energy, tourism, mineral development, health and safety at work, Companies Registry, consumer affairs, and labour market and economic statistics services. It also has a role in ensuring the provision of the infrastructure for a modern economy.

http://www.detini.gov.uk 

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