AVN.L Regulatory News (AVN)

16 Jul 2007 16:41

Avanti Communications Group Plc16 July 2007 16 July 2007 Avanti Communications Group plc Director Shareholding Avanti Communications Group Plc ("Avanti Communications", "the Company", AIM:AVN), the satellite operator, was today notified by Nigel Fox, Finance Director,that he had purchased 8,450 ordinary shares in the Company through his pensionscheme at a price of 209.5p per share. Nigel Fox now holds a total direct andindirect voting right interest in 8,450 ordinary shares in the company, beingapproximately 0.03% of the issued ordinary share capital of AvantiCommunications of 25,708,503 ordinary shares of 1p each. Enquiries: Avanti Communications Chief Executive - David Williams 020 7749 1600 Hoare Govett Justin Jones / Hugo Fisher 020 7678 8000 College Hill Sara Musgrave / Corinna Dorward / Carl Franklin 020 7457 2049 Avanti Communications Group Avanti Communications Group is the only licensed fixed and broadcast satelliteoperator headquartered in the UK (and one of only nine such groups operating inEurope). In August 2005 Ofcom awarded Avanti the right to provide satelliteservices using the geostationary orbital position at 33.5 degrees west with3.6Ghz of radio spectrum which provides coverage of Western Europe and most ofCentral and Eastern Europe. The Company's first satellite HYLAS, is financed andunder construction for delivery in December 2008. HYLAS uses uniquetechnologies to provide highly flexible and cost effective satellite capacity. Avanti Communications currently provides satellite telecommunications servicesto customers in Europe (using leased satellite capacity) which will transfer toHYLAS on launch. Avanti sells wholesale HYLAS capacity to telecoms and mediaservice providers in Europe. The core applications for which Avanti expectsHYLAS capacity to be used are broadband, corporate networks and videodistribution. This information is provided by RNS The company news service from the London Stock Exchange