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Schedule Confirmation

6th Sep 2010 09:41

RNS Number : 1901S
Avanti Communications Group Plc
06 September 2010
 



Date:

6 September 2010

On behalf of:

Avanti Communications Group plc ("Avanti" or "the Company")

For immediate release

 

Avanti Communications Group plc

Schedule Confirmation

 

On 12 July 2010, Avanti (AIM: AVN), the broadband satellite operator, announced that the Board's estimate was that there was a risk of schedule delay of up to six weeks from the proposed end of September launch of the HYLAS 1 satellite.

 

The Company now confirms that it has agreed the launch slot on an Ariane 5 launch vehicle which opens on 15 November 2010 with launch expected on that day or within a few days thereafter.

 

The HYLAS 1 spacecraft has successfully completed its assembly, integration and test campaign and is therefore fully complete and ready for launch.

 

---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

Rupert Mitchell / 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 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
 
 
MSCEAPNKELEEEEF

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