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Contract Win

6 Mar 2012 07:00

RNS Number : 7293Y
Avanti Communications Group Plc
06 March 2012
 



Date: 6th March 2012

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

Embargoed until: 0700hrs

 

 

Avanti Communications Group plc

 

Avanti signs contract with CommCarrier Satellite Services

 

Avanti Communications Group Plc (AIM: AVN), the satellite operator, is pleased to announce that it has signed a five year contract with CommCarrier Satellite Services Limited of Kenya ("CommCarrier") for the supply of satellite bandwidth over East Africa on its HYLAS 2 satellite. The contract is valued at $23.9m over five years.

 

Established in 1995, CommCarrier has a strong track record for providing satellite data services in the region for major customers and with other large partners. The capacity purchased will be used for a combination of cellular backhaul services, consumer and enterprise broadband and government services.

 

Anjum Chaudry, CommCarrier Chairman said: "The recent cable cut in Kenya shows how urgently Avanti's HYLAS 2 capacity is needed here and we are certain that demand for the entire East African HYLAS 2 capacity can be filled very quickly. The launch of Avanti's HYLAS 2 satellite will provide a major boost to the region's infrastructure development goals both in the near and medium term. Avanti has the right technology and business model for this market and we are very pleased to work with them."

 

David Williams, CEO of Avanti, said: "East Africa is a fantastic market for our services and I am pleased to see the demand beginning to turn into large contracts. CommCarrier is a credible and well connected partner for the region and we are working together already on additional prospective business."

 

---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

·; Avanti's third satellite HYLAS 3, to be launched in partnership with ESA in 2015, will provide further capacity in the EMEA region

·; 80% of Avanti's fleet capacity will address the Emerging telecommunications markets of Africa and the Middle East

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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