If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVN.L Regulatory News (AVN)

  • There is currently no data for AVN

HYLAS 1 Update

15 Dec 2010 07:00

RNS Number : 9648X
Avanti Communications Group Plc
15 December 2010
 



Date:

15th December 2010

On behalf of:

Avanti Communications Group plc ("Avanti" or "the Company")

Embargoed for release

0700hrs

 

Avanti Communications Group plc

HYLAS 1 Update

 

Avanti (LSE: AVN), the broadband satellite operator, is pleased to update the market on the excellent progress made following the launch of HYLAS 1. The satellite has now had all systems turned on and all results are as planned. The satellite has reached geostationary orbit and the first transmissions have been received at Avanti's primary Gateway Earth Station in the UK.

 

The launch was highly efficient and as a result HYLAS 1 is expected to achieve longer useful life than planned because of fuel efficiency during transfer to geostationary orbit. Avanti will now continue with a pre-service mission which is using HYLAS to demonstrate certain capabilities that are relevant to future business, and then will prepare for the launch of commercial service in Europe towards the end of calendar Q1.

 

The response from our market has been excellent since the launch of HYLAS 1 and we are confident that we can achieve the targets we have set ourselves to fill HYLAS 1 within three years and, under certain conditions, could expect to do better.

 

--ENDS--

 

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

Nick Wells / Max Hartley

 

Jefferies International Limited Tel: +44 (0) 20 7029 8000

Julian Smith / Oliver Griffiths

 

Redleaf Polhill Tel: +44 (0) 20 7566 6700

Emma Kane / Paul Dulieu / Samantha Robbins

 

 

Notes to Editors

 

About Avanti

 

¡ Avanti sells satellite data communications services to telecoms companies which use them to supply residential, enterprise and institutional users.

¡ Avanti's first satellite called HYLAS 1, launched on November 26th 2010 and is the first superfast broadband satellite launched in Europe.

¡ Avanti's second satellite, called HYLAS 2, on target for launch in Q2 2012. It will extend Avanti's coverage to Africa and the Middle East.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKKQDQOBDDNBD
Date   Source Headline
19th Nov 20087:00 amRNSContract Win
18th Nov 20087:00 amRNSContract Win
17th Nov 20087:00 amRNSStrategic Partnership with BT
6th Nov 200811:34 amRNSCompany Research
27th Oct 20087:00 amRNSContract win
14th Oct 20087:00 amRNSContract win
13th Oct 20087:00 amRNSContract win
1st Oct 20087:00 amRNSFinal Results
26th Sep 200812:01 pmRNSNotice of Results
25th Sep 20087:00 amRNSAvanti takes broadband message to Europe
10th Sep 20087:00 amRNSContract win
8th Sep 20087:00 amRNSContract Win
1st Sep 20087:00 amRNSContract win
26th Aug 20087:00 amRNSContract win & Market researc
2nd Jul 20087:00 amRNSContract Win
1st Jul 20087:00 amRNSDirector Interests - TD
1st Jul 20087:00 amRNSDirector Interests - FD
1st Jul 20087:00 amRNSDirector Interests - CEO
26th Jun 200812:57 pmRNSWins Scottish Broadband Contr
16th Jun 20087:00 amRNSDirector appointment
5th Jun 20087:00 amRNSContract Win
21st May 20087:00 amRNSContract Win
8th May 20087:00 amRNSDirector Dealing - Chairman
7th May 200811:23 amRNSDirectorate Change
26th Mar 20087:00 amRNSProject funding award
19th Mar 20087:00 amRNSDirectors Dealing TD
18th Mar 20087:00 amRNSDirectors Dealing FD
18th Mar 20087:00 amRNSDirectors Dealing CEO
17th Mar 20087:01 amRNSContract win
4th Mar 20087:00 amRNSHolding(s) in Company
3rd Mar 20088:45 amRNSChange of Adviser
28th Feb 20087:01 amRNSHolding(s) in Company
26th Feb 20084:43 pmRNSHolding(s) in Company
8th Feb 20087:00 amRNSInmarsat Strategic Partner
31st Jan 20087:01 amRNSInterim Results
22nd Jan 20089:01 amRNSDirectors Dealing
21st Jan 20087:00 amRNSSecures Government Approval
7th Jan 200811:48 amRNSNotice of Results
19th Dec 20073:41 pmRNSDirector Dealing - CEO
10th Dec 200711:33 amRNSAnnual Report and Accounts
10th Dec 20077:00 amRNSDirector Dealings
3rd Dec 200710:40 amRNSDirector/PDMR Shareholding
29th Nov 200712:52 pmRNSResult of AGM
31st Oct 20075:31 pmRNSDirector Dealings - CEO
1st Oct 200712:58 pmRNSDirector dealing - NED
1st Oct 200712:56 pmRNSDirector dealing - Chairman
1st Oct 200712:53 pmRNSDirector dealing - CTO
1st Oct 20079:05 amRNSDirector Dealing - CEO
1st Oct 20077:01 amRNSFinal Results
20th Sep 20077:01 amRNSNotice of Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.