14 Nov 2013 07:00
Avanti Communications
Paul Walsh to take over as Chairman
London - 14 November 2013. Avanti Communications Group plc (AIM: AVN, "Avanti" or "the Group"), the satellite operator, has appointed Paul Walsh Deputy Chairman with effect from 14 November. He will become Chairman on 27 March 2014, thereafter John Brackenbury will continue to serve as a Non-Executive Director.
John Brackenbury CBE, Chairman said
"I am delighted that Paul has agreed to take over as Chairman in line with our succession planning. Paul's outstanding track record in growth markets and at the top of International corporate life will be invaluable as Avanti moves to the next stage of development."
Paul Walsh, commented:
"Avanti has a high quality product with significant competitive advantages and an emerging premium brand. It is beginning to monetise global data growth and I am delighted to be able to contribute to its success in these exciting high growth markets."
---ENDS---
For further information please contact:
Avanti Communications Group Plc | Tel: +44 (0)20 7749 1600 |
David Williams, Chief Executive | |
Cenkos Securities plc | Tel: +44 (0) 20 7397 8900 |
Max Hartley (Nomad)/Julian Morse | |
Jefferies Hoare Govett | Tel: +44 (0) 20 7029 8000 |
Neil Collingridge/John Fishley | |
College Hill | Tel: +44 (0) 20 7457 2020 |
Adrian Duffield/Kay Larsen |
About Avanti
· Avanti is a carriers' carrier, selling wholesale data telecoms to service providers which use them to create networks for enterprise, carrier, government and consumer users.
· Avanti's network consists of two high throughput satellites in orbit, plus a third in construction and an international fibre network connecting data centres in several countries.
· Avanti serves customers in Europe, Middle East and Africa.