AVN.L Regulatory News (AVN)

17 Aug 2007 12:14

Avanti Communications Group Plc17 August 2007 Date: 17 August 2007 On behalf of: Avanti Communications Group plc ("the Company") For immediate release Avanti Communications Group plc AIM Rule 26 Information Avanti is pleased to announce that all the information required by AIM Rule 26(company information disclosure) is now available on the Company's website:http://www.avanti-communications.com/investors - ends - Enquiries to: Avanti Communications Group plc www.avanti-communications.comDavid Williams 020 7749 1600 Redleaf Communications Ltd www.redleafpr.comEmma Kane/Samantha Robbins/Paul Dulieu 020 7822 0200 ek@redleafpr.com Notes to Editors: - Avanti Communications Group's shares were admitted to AIM on 16 April2007 following the de-merger of the business from Avanti Screenmedia Group plc; - Avanti Communications Group is the only licensed fixed and broadcastsatellite operator headquartered in the UK (and one of only eight such groupsoperating in Europe); - In August 2005, Ofcom awarded Avanti the right to provide satelliteservices using a radio spectrum which provides coverage of Western Europe andmost of Central and Eastern Europe; - In July 2007, Avanti entered into contracts to acquire the rights touse certain new Ka band frequencies, amounting to some 14 GHz of spectrum, innew orbital positions covering India, The Middle East, Central Asia, Russia,Eastern Europe, Africa and Latin America; - Avanti, which has over 10 years' experience in the satellite industry,currently provides in Europe:- satellite broadband- data and voice services- satellite-based network solutions and applications - The Company currently provides satellite telecommunications servicesto customers in Europe using leased satellite capacity which it will transfer toits first satellite HYLAS on launch. Delivery is expected in Dec 2008; - Its customers include thousands of residential users, communitybroadband providers, businesses of all sizes, the British and foreigngovernments, the European Union and the European Space Agency; - Avanti's new satellite, HYLAS - the highly adaptable satellite - isdue for launch in 2009; - Avanti recently signed a debt facility agreement to borrow £32m. Thedebt facility provides sufficient capital for Avanti to complete the financingof its satellite construction, launch, insurance and operation together withworking capital. No further funding is expected to be required for the HYLASproject; - The core applications for which Avanti expects HYLAS capacity to beused are broadband, corporate networks and video distribution. This information is provided by RNS The company news service from the London Stock Exchange