Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVN.L Regulatory News (AVN)

  • There is currently no data for AVN

Contract Win

4 Jan 2012 07:00

RNS Number : 9423U
Avanti Communications Group Plc
04 January 2012
 



Date: 4th January 2012

On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")

Embargoed until: 0700hrs

 

Avanti Communications Group plc

 

Avanti signs contract with InSat GmbH

 

Avanti Communications Group Plc (AIM: AVN), the satellite operator, announces the sale of capacity on HYLAS 2 to InSat GmbH ("InSat") in a five year deal worth $7.3m.

 

David Williams, Chief Executive of Avanti, commented:

 

"I welcome InSat, a very well regarded service provider, to the HYLAS fleet. We are now just a few months away from the launch of HYLAS 2 and I am pleased to note the capacity is selling well. Several beams are already close to full saturation and others are fully optioned. The attractive demand growth characteristics in the Middle East and Africa in all segments combined with a benign macro-economic environment gives us great confidence that this satellite will sell out well within our five year target."

 

---ENDS---

 

For further information please contact:

 

Avanti Communications Group Plc Tel: +44 (0)20 7749 1600

David Williams / Sean Watherston

 

Cenkos Securities plc Tel: +44 (0) 20 7397 8900

Nicholas Wells (Nomad) / Julian Morse (Sales)

 

Jefferies International Limited Tel: +44 (0) 20 7029 8000

Julian Smith / Thomas Rider

 

Redleaf Polhill Tel: +44 (0) 20 7566 6700

Emma Kane / Paul Dulieu

Notes to Editors:

 

About Avanti

·; Avanti sells satellite data communications services to telecoms companies which use them to supply residential, enterprise and institutional users.

·; Avanti's first satellite called HYLAS 1, launched on November 26th 2010 and is the first superfast broadband satellite launched in Europe.

·; Avanti's second satellite, called HYLAS 2, is on target for launch in Q2 2012. It will extend Avanti's coverage to Africa and the Middle East.

 

About InSat

·; InSat GmbH was founded in 2000 and is located in Saarbrücken, Germany. InSat owns and operates its own satellite ground station and communications hub.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTBJMLTMBAMBRT
Date   Source Headline
26th Feb 20159:04 amRNSHolding(s) in Company
26th Feb 20157:01 amRNSHolding(s) in Company
23rd Feb 20153:22 pmRNSResult of General Meeting
5th Feb 20157:00 amRNSCapital Raising
5th Feb 20157:00 amRNSInterim Results
13th Jan 20158:00 amRNSNotice of Results
27th Nov 20143:26 pmRNSResult of AGM
27th Nov 20147:11 amRNSDirectorate Change
13th Nov 20147:00 amRNSQ1 Trading Update
4th Nov 20144:00 pmRNSAnnual Financial Report
17th Oct 20147:00 amRNSIssue of Equity
13th Oct 20148:37 amRNSDirector/PDMR Shareholding
15th Sep 20147:00 amRNSFinal Results
12th Sep 20147:00 amRNSContract Win
11th Aug 20147:00 amRNSHylas 4 Contracts Complete
5th Aug 20147:00 amRNSContract Win
18th Jul 20147:00 amRNSTrading Statement
7th Jul 20149:24 amRNSDirector/PDMR Shareholding
7th Jul 20149:21 amRNSDirector/PDMR Shareholding
7th Jul 20147:00 amRNSContract win
4th Jul 20149:28 amRNSDirector/PDMR Shareholding
4th Jul 20149:28 amRNSDirector/PDMR Shareholding
4th Jul 20148:50 amRNSDirector/PDMR Shareholding
4th Jul 20147:00 amRNSContract Win
2nd Jul 20141:21 pmRNSHolding(s) in Company
13th Jun 20143:03 pmRNSAnnouncement
13th Jun 20147:00 amRNSBond Proceeds
3rd Jun 20142:00 pmRNSContract Win and Financing Update
29th May 20147:00 amRNSContract Win
20th May 20147:00 amRNSRe Contract Win
16th May 201411:57 amRNSDirector/PDMR Shareholding
15th May 20147:00 amRNSHolding(s) in Company
13th May 20147:00 amRNSContract Win
12th May 20147:00 amRNSQ3 Trading Update
2nd May 20147:00 amRNSContract Win
30th Apr 20147:00 amRNSContract Win
19th Feb 20147:00 amRNSContract win with Vodafone
12th Feb 20147:00 amRNSInterim Results
15th Jan 20147:00 amRNSInterim results date and US dollar reporting
16th Dec 20137:00 amRNSContract win of ESA Satellite
14th Nov 201311:36 amRNSResult of AGM
14th Nov 20137:00 amRNSDirectorate Change
25th Oct 20134:36 pmRNSChange of AGM Venue
30th Sep 20138:16 amRNSDirector/PDMR Shareholding
27th Sep 20137:00 amRNSAvanti raises $370m bond
20th Sep 20138:46 amRNSDirector/PDMR Shareholding
11th Sep 20139:42 amRNSDirector/PDMR Shareholding
11th Sep 20137:00 amRNSDirector/PDMR Shareholding
10th Sep 20134:35 pmRNSPrice Monitoring Extension
10th Sep 20139:48 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.