27 Oct 2010 07:00

Date: | 27 October 2010 |
On behalf of: | Avanti Communications Group plc ("Avanti" or "the Company") |
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Avanti Communications Group plc
Contract Win
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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.
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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.
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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."
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--ENDS--
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For further information please contact:
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Avanti Communications Group Plc Tel: +44 (0) 20 7749 1600
David Williams
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Cenkos Securities Tel: +44 (0) 20 7397 8900
Nick Wells / Max Hartley
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Jefferies International Limited Tel: +44 (0) 20 7029 8000
Julian Smith / Oliver Griffiths
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Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700
Emma Kane / Paul Dulieu / Mike Ward
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Notes to Editors:
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About Avanti
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¡ 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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