26 Nov 2010 13:14
Date: 26 November 2010
On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")
Avanti Communications Group plc
Holdings in Company
Avanti Communications Group Plc (AIM: AVN), the broadband satellite operator, announces that it has today received notification from AEGON Asset Management UK plc that it now holds 4,097,184 ordinary shares in Avanti Communications, being approximately 5.11% of the issued ordinary share capital of the Company.
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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
Julian Morse / Max Hartley
Jefferies International Limited Tel: +44 (0) 20 7029 8000
Rupert Mitchell / Oliver Griffiths
Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700
Samantha Robbins / Paul Dulieu
Notes to Editors:
About Avanti
¡ Avanti sells satellite broadband services to telecoms companies which use them to supply residential, enterprise and institutional customers.
¡ Avanti's first satellite, called HYLAS 1, 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 satellite broadband products in the markets served by Avanti is estimated at more than 100 million households.
¡ Avanti's systems can provide consumer broadband services at speeds of 10Mb per second at competitive prices, and other wholesale services at up to 200Mb.