AVN.L Regulatory News (AVN)

RNS Number : 0536V

Avanti Communications Group Plc

27 October 2010

 

Date:	27 October 2010
On behalf of:	Avanti Communications Group plc ("Avanti" or "the Company")

 

Avanti Communications Group plc

Contract Win

 

Avanti Communications (AIM: AVN), the broadband satellite operator is pleased to announce that it has signed a three year managed services contract with the Hungarian service provider Banknet Kft. This service will be delivered by Avanti's HYLAS 1 satellite due for launch on 25 November 2010.

 

Banknet Kft provides critical communication services to the financial community throughout Hungary and, as the sophistication of banking and credit card systems increases, anticipates steady growth in demand for connectivity.

 

Commenting, David Williams, Avanti Chief Executive, said: "I am delighted that a provider of such critical financial services has selected Avanti as its partner. It demonstrates the value of the flexibility and high security which HYLAS 1 can offer and I am pleased to see sales momentum in the enterprise sector growing ahead of the imminent launch."

 

--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

Nick Wells / Max Hartley

 

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

Julian Smith / Oliver Griffiths

 

Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700

Emma Kane / Paul Dulieu / Mike Ward

 

 

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 November 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.

 

 

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