re enjoy25 Jun 2018 08:05
his announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this
announcement, the inside information is now considered to be in the public
domain for the purposes of MAR.
Avanti Communications Group plc
("Avanti" or the "Group")
Avanti Communications Signs $10 Million Contract with Viasat
Capacity Lease Deal extends Connectivity Services on Viasat's Best Available
Network
London, June 25, 2018. Avanti Communications (AVN) has signed a $10 million
contract with global communications company, Viasat Inc. (NASDAQ: VSAT). The
deal provides Viasat with leased capacity on a steerable beam on the newly
launched Avanti HYLAS 4 satellite. The contract has an initial period of two
years.
Kyle Whitehill, Chief Executive Officer, Avanti Communications
said: "Avanti's contract with Viasat reflects the winning qualities of our
HYLAS 4 satellite. This is a confirmation that our new carrier strategy helps
operators to increase addressable markets and drive customer satisfaction
without additional satellite and launch capex spend."
Ken Peterman, president, Government Systems at Viasat continued: "Partnering
with Avanti will give us access to steerable Ka-band satellite coverage and
capacity to further enhance connectivity services for global government
applications on Viasat's Best Available Network. We expect easy integration of
the HYLAS 4 satellite capacity into our global network-enabling us to quickly
bring capacity to where our customer demand exists."
Learn more about the steerable capacity on Avanti's HYLAS 4 satellite here
(https://www.avantiplc.com/hylas4-steerable-beams/) .
For further information, please contact:
Avanti Chris McLaughlin
Tel: +44 (0)7590 964695
Cenkos Securities (Nomad) Max Hartley, Nicholas Wells
Tel: +44 207 397 8900
Montfort Nick Miles, James Olley
Tel: +44 203 770 7909
Redleaf Communications Ralph Anderson
Tel: +44 20 3757 6883
Notes to Editors:
About Viasat
Viasat is a global communications company that believes everyone and
everything in the world can be connected. For more than 30 years, Viasat has
helped shape how consumers, businesses, governments and militaries around the
world communicate. Today, the Company is developing the ultimate global
communications network to power high-quality, secure, affordable, fast
connections to impact people's lives anywhere they are-on the ground, in the
air or at sea. To learn more about Viasat, visit: www.viasat.com