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Contract win

8th Jan 2009 07:00

RNS Number : 3013L
Avanti Communications Group Plc
08 January 2009
 



Date: 8 January 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 satellite operator, has signed a contract with the Department of Enterprise Trade and Investment for supply of remote broadband services in Northern Ireland. The contract value to Avanti 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.  Avanti will deploy services immediately using its rented capacity, migrating customers to its new satellite, Hylas, upon launch.

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. Avanti's success in competitive tendering shows that it has very limited competition in rural satellite broadband. Through projects sponsored by the European Commission, governments 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."

Enquiries to:

 

Avanti Communications Group plc

http://www.avanti-communications.com/

David Williams/Nigel Fox

020 7749 1600

Redleaf Communications Ltd

[email protected]

Emma Kane/ Samantha Robbins/ Paul Dulieu

020 7822 0200

avanti@redleafpr.com 

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