29th Oct 2010 07:00
Date: | 29 October 2010 |
On behalf of: | Avanti Communications Group plc ("Avanti" or "the Company") |
Avanti Communications Group plc
Launch Success
Avanti Communications (AIM: AVN), the satellite broadband operator, has been informed that Flight 197 launched successfully from French Guiana last night, the 39th consecutive Ariane 5 launch success for Arianespace. Avanti's HYLAS 1 satellite is the next to launch, on board Flight 198, and is in final preparation for an on schedule launch on 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 / Paul Dulieu / 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