19th Oct 2010 07:00
Date: |
19 October 2010 |
On behalf of: |
Avanti Communications Group plc ("Avanti" or "the Company") |
Embargoes for release |
7.00a.m. |
Avanti Communications Group plc
Contract Win
Avanti Communications (AIM: AVN), the broadband satellite operator, is pleased to announce that it has signed contracts with two new partners for the sale of broadband services to be delivered from HYLAS 1, Europe's first Ka Band satellite. InTouch Systems and DSL Telecom are established UK IT and Communications companies serving regional markets in which rural connectivity for homes and businesses plays an increasingly important part.
Commenting, David Williams, Avanti Chief Executive, said: "I am pleased see that, following the confirmation of our November 25th launch date, sales momentum is increasing."
--ENDS--
For further information please contact:
Avanti Communications Group Plc Tel: +44 (0) 20 7749 1600
David Williams
Cenkos Securities Tel: +44 (0) 20 7397 8900
Nick Wells / Max Hartley
Jefferies International Limited Tel: +44 (0) 20 7029 8000
Julian Smith / Oliver Griffiths
Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700
Emma Kane / Paul Dulieu / Mike Ward
Notes to Editors:
About Avanti
¡ 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 November 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.
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