12th May 2010 14:28
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.
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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.
Related Shares:
AVN.L