9 Mar 2010 07:00
| Date: | 9 March 2010 |
| On behalf of: | Avanti Communications Group plc ("Avanti" or "the Company") |
| Embargoed for release: | 0700hrs |
Avanti Communications Group plc
Appointment of Joint Broker
Avanti (AIM: AVN), the broadband satellite operator, is pleased to announce that Jefferies International Limited has been appointed as Joint Broker to the Company alongside Cenkos Securities. The appointment is with immediate effect.
Commenting, David Williams, Avanti Chief Executive, said:
"Jefferies has a strong satellite finance practice in the USA, and gives us access to new equity markets as well as advice across the balance sheet. Given Avanti's increase in scale and international reach, this is important in pursuing the next stage of growth."
---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 users.
¡ Avanti's first satellite, called HYLAS 1 will launch in Q2 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.
About Jefferies
Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 45 years. Jefferies International Limited is the principal UK operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com).
¡ Over 2,400 employees worldwide
¡ Listed in NY, with a market cap of over US$4.3bn
¡ Full service firm - advisory, debt and equity capital markets (one of most active underwriters in the US High Yield bond market)
¡ Specialised banking offering for growth companies (particularly in the TMT sectors)