14th Dec 2010 12:30
Date: 14 December 2010
On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")
Avanti Communications Group plc
§ Holdings in Company
Avanti Communications Group Plc (AIM: AVN), the broadband satellite operator, announces that it has today received notification from Global AEGON Asset Management UK plc that as at the same date, it held 4,990,184 ordinary shares in Avanti Communications, being approximately 6.21% of the issued ordinary share capital of the Company.
---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
Julian Morse / 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
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, 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 satellite broadband products in the markets served by Avanti is estimated at more than 100 million households.
¡ Avanti's systems can provide consumer broadband services at speeds of 10Mb per second at competitive prices, and other wholesale services at up to 200Mb.
Related Shares:
AVN.L