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Contract Wins

9th Feb 2011 07:00

RNS Number : 8963A
Avanti Communications Group Plc
09 February 2011
 



Date:

9 February 2011

On behalf of:

Avanti Communications Group plc ("Avanti" or "the Company")

Embargoed for release:

0700hrs

 

Avanti Communications Group plc

Contract Wins

 

Avanti Communications (AIM: AVN), the broadband satellite operator, is pleased to announce a group of five new contracts for the sale of HYLAS 1 services in Europe. New contracts have been signed by Buzz Networks and Rural Broadband UK of the UK, Broadband Algarve of Portugal and Globatel of Spain. Also Prime Satellite Broadband, an existing customer, has signed an extended contract for more capacity and extending the commitment from three years to five years.

 

Commenting, David Williams, Avanti Chief Executive, said:

 

"Since the successful launch of HYLAS 1, sales activity has increased notably. The flexible, efficient Avanti business model combined with attractive pricing and quality of service is clearly resonating with new potential customers around the World.

 

"As our current customers progress their own sales efforts they are likely to top up their commitments next year, so we expect to sell out HYLAS 1 capacity within the planned three years with the growth in demand from existing and new broadband customers. In addition we are experiencing significant bidding activity for large enterprise and cellular backhaul deals which could accelerate the rate of fill."

 

 

---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

Max Hartley/ Julian Morse

 

Jefferies International Limited Tel: +44 (0) 20 7029 8000

Julian Smith / Thomas Rider

 

Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700

Samantha Robbins / Paul Dulieu

 

 

Notes to Editors:

 

About Avanti

 

·; Avanti sells satellite broadband services to telecoms companies which use them to supply residential, enterprise and institutional customers.

·; Avanti's first satellite, called HYLAS 1, launched on 26th November 2010 and was 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.

 

About Buzz Networks

Buzz is an independent Telecoms operator working throughout the UK since 1997. Buzz is active in providing voice and data services to businesses in outlying locations and temporary offices. http://www.buzznetworks.co.uk/ 

 

About Rural Broadband UK

In business since 2000, Rural Broadband provides satellite internet connectivity and installation services to customers based in rural areas in Norfolk and elsewhere in the UK. The company also offers a variety of other related services including: Web hosting, ADSL connectivity, Remote computer support and Online Backup. http://www.ruralbroadband.co.uk/ 

 

About Prime Satellite Broadband

PSB are specialists in satellite based data services and have been supplying satellite broadband connections to their customers since 2003. www.primesatcom.com

 

About Broadband Algarve

Broadband Algarve are a satellite broadband specialist that target expats and touristic resorts in Portugal since 2008. http://www.broadbandalgarve.co.uk/.

 

About Globatel

Globatel are a regional reseller of WiMax services with their own VoIP platform, based in Majorca since 1995, targeting expats and B2B. Their customer base of 3000 users includes hotel resorts in all Balearic Islands, companies and residential end users. www.globatel.net

 

 

 

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