14th Jan 2010 07:00
Date: 14 January 2010
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 €665,000five year contract with EDDI S.R.L. of Italy for capacity on HYLAS 1. EDDI are already a wholesalecustomer and are thus extending the scale and duration of their commitment.
David Williams, Chief Executive of Avanti said;
"This contract demonstrates the escalating market demand for the services available on HYLAS 1 as we prepare for launch. I am pleased to see EDDI extend their commitment and we look forward to building further on this business together. Available capacity on HYLAS 1 will diminish and prices will rise so it is commercially astute to lock in capacity at current rates. I am pleased to show that Avanti is delivering on its promises to build excellent customer relationships and fill its satellites."
Enquiries to:
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Avanti Communications Group plc David Williams |
http://www.avanti-communications.com 020 7749 1600 |
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Redleaf Communications Ltd |
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Wendy Watherston / Paul Dulieu |
020 7566 6700 |
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Cenkos Securities |
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Julian Morse / Max Hartley |
020 7397 8900 |
Notes to Editors:
About Avanti Communications
Avanti sells satellite broadband services to telecoms companies which use them to supply residential, enterprise and institutional users.
Avanti's first satellite, called HYLAS 1 will launch in Q2 2010 and will be the first superfast broadband satellite launched in Europe.
Avanti's second satellite called HYLAS 2 is fully funded and will launch in Q2 2012. It will extend Avanti's coverage to Africa and the Middle East.
The market for 2Mb satellite broadband products in the markets served by Avanti is estimated at more than 100 million households.
About EDDI S.R.L.
EDDI S.R.L. is based in the province of Pavia and supplies connectivity to municipalities that do not have broadband networks. EDDI is the partner of choice to many of Italy's providers of telephony and data networks as well as a range of network integrators. EDDI's objective is to become the key provider of high quality services to the bridge the digital divide in the regions for consumers and enterprise wherever terrestrial ADSL is not available.
Related Shares:
AVN.L