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Contract Win

2nd Jul 2008 07:00

RNS Number : 0872Y
Avanti Communications Group Plc
02 July 2008
 



Date: 2nd July 2008

On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")

Embargoed until: 0700hrs

Avanti Communications Group plc

Contract Win and Trading Update

Avanti Communications Group plc (AIM: AVN), the satellite operator, has signed a contract to provide broadband services to SATdsl, a provider of satellite communication solutions in Central & Eastern Europe, which is Avanti's first customer in the Czech Republic. The initial contract value is £100,000 over three years. At the outset bandwidth will be provided on Avanti's leased satellite capacity, then migrated to HYLAS when it launches in 2009.

 

The contract is for a "Virtual Networks Operator" (VNO) service, which means that Avanti provides a fully managed service, not just bandwidth, and SATdsl manages its own sales, installation, first line customer service and billing. This model is proving to be highly successful for Avanti in building an order book of small customers. It enables small companies to offer complex services at competitive prices without making a high investment in bandwidth or equipment themselves.

 

In the second half of Avanti's financial year it has recruited distributors in Scotland, England, Ireland, Spain, Italy, Germany and Serbia.

 

Trading Update

Avanti's financial year ended on 30 June 2008. Financial Results will be published in September and will be in line with market expectations.

David Williams, Chief Executive of Avanti, said;

"We are delighted to be working with SATdsl to win our first business in the Czech Republic, an important market for us.

"In many rural parts of Europe terrestrial broadband is not available. Avanti's VNO model gives us an ability to access the large number of small, hard to reach SME and residential customers in Europe. 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. Our strategy of working with small local partners positions us well to access this budget."

Enquiries to:

 

Avanti Communications Group plc

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

David Williams

020 7749 1600

 

 

Redleaf Communications Ltd

[email protected]

Samantha Robbins/ Rebecca Sanders-Hewett/ Anna Dunkin/ Emma Kane

020 7822 0200 

 

 

 

Cenkos Securities

 

Ivonne Cantu / Julian Morse

 020 7678 8000

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;
Avanti has five core target customer segments for HYLAS capacity: broadband, telecoms network backhaul, corporate data networks, B2B 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.

About SatDSL

SATdsl is headquartered in Prague and is a leading provider of satellite communication solutions for the entire Central and Eastern European region.
SATdsl has over 800 customers ranging from personal users to oil companies and hotels.

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