19 Jun 2017 07:00
Avanti Communications Group plc
CONTRACT WIN
· $4.5M 2-year contract, first in mobility market
Avanti Communications Group plc ("Avanti"), a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA), has signed a $4.5m 2-year contract to deploy capacity from Avanti's HYLAS fleet to a new customer in the mobility market.
The name of the company acquiring the capacity is commercially confidential.
David Williams, Chief Executive Officer of Avanti, said: "We are pleased to announce our first contract in the high growth mobility market. Avanti is focussed on supporting service providers in this sector with in-fill capacity when and where they need it. We are enthusiastic about the broad range of other opportunities in the mobility market that we are currently responding to and it suggests a new pathway for growth."
This announcement contains inside information.
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For further information please contact:
Avanti Public Relations: Saffron Secker, +44 (0)207 749 1600
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Lara Pyliotis, +44 (0)207 382 4763
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900
Notes to Editors
About Avanti Communications
Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.
Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.
The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring.
Avanti has a unique Cloud based customer interface that is protected by patented technology.
Avanti Communications is listed in London on AIM (AVN:LSE).
www.avantiplc.com