AVN.L Regulatory News (AVN)

3 Mar 2008 08:45

Avanti Communications Group Plc03 March 2008 Date: 3 March 2008On behalf of: Avanti Communications Group plc ("Avanti" or "the Company") For Immediate Release Avanti Communications Group plc- Change of Adviser The Board of Avanti Communications Group plc (AIM: AVN), the satellite operator,is pleased to announce the appointment of Cenkos Securities as its nominatedadviser and broker with immediate effect. Enquiries to: Avanti Communications Group plc http://www.avanti-communications.com/David Williams 020 7749 1600 Redleaf Communications Ltd http://www.redleafpr.com/Samantha Robbins/Anna Dunkin 020 7822 0200 sr@redleafpr.com Cenkos Securities http://www.cenkos.comJulian Morse 020 7397 1931Ivonne Cantu 020 7397 8980 Notes to Editors: About Avanti Communications - Avanti Communications Group's shares were admitted to AIM on 16 April 2007; - Avanti Communications Group is the only licensed Fixed Satellite Services operator headquartered in the UK (and one of only eight such groups operating in Europe); - Avanti is licensed to provide satellite services using spectrum which provides coverage of Europe, India, The Middle East, Central Asia, Africa and the Americas. - Avanti's first satellite, called HYLAS is under construction and due for launch in 2009; the company plans further satellite projects; - Avanti, which has over 10 years' experience in the satellite industry, currently provides satellite data communications services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch; - It's customers include broadband service providers, large businesses, the British and foreign governments, the European Union and the European Space Agency; - The core applications for which Avanti expects HYLAS capacity to be used are broadband, corporate data networks, video distribution and military/ security; - No further funding is required for the HYLAS project following successful completion of a long term debt facility in July 2007. This information is provided by RNS The company news service from the London Stock Exchange