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Launch date set for HYLAS 1

18th Oct 2010 07:00

RNS Number : 5133U
Avanti Communications Group Plc
18 October 2010
 



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.

 

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