9th Feb 2011 07:00
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."
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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
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