18th Oct 2010 07:00
Date: |
18 October 2010 |
On behalf of: |
Avanti Communications Group plc ("Avanti" or "the Company") |
Embargoed for release: |
0700hrs |
Avanti Communications Group plc
Launch date set for HYLAS 1
Avanti Communications (AIM: AVN), the broadband satellite operator, is delighted to announce that the HYLAS 1 satellite has safely arrived at its launch site at the European Spaceport in Kourou, French Guiana. On site preparations for launch have now commenced and a date for launch upon an Ariane 5 launch vehicle has now been set for 25 November 2010.
--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 / Rebecca Sanders-Hewett / 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.
Related Shares:
AVN.L