Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Schedule confirmation

12th May 2010 14:28

RNS Number : 7946L
Avanti Communications Group Plc
12 May 2010
 



Date:

12 May 2010

On behalf of:

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

For immediate release

 

 

Avanti Communications Group plc

Schedule Confirmation

 

Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, has today been notified by Arianespace of the potential (but not certainty) for several weeks of schedule slippage in relation to the readiness of the Soyuz launch at Kourou. Arianespace further confirmed that in accordance with the Launch Service Agreement it is ready to launch HYLAS 1 using an Ariane 5 vehicle if necessary which will ensure the launch will take place by end of September 2010 in accordance with the HYLAS 1 delivery schedule. The Ariane 5 is rated at the same low risk level by insurance underwriters in terms of reliability and quality. Therefore the potential for Soyuz slippage does not have an impact on HYLAS 1 launch schedule and no decision is required yet as to the selection of the launch vehicle.

 

 

---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

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 customers.

¡ Avanti's first satellite, called HYLAS 1 will launch in Q3 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 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.

 

 

 

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

Related Shares:

AVN.L
FTSE 100 Latest
Value8,275.66
Change0.00