Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View 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
24th Aug 20174:40 pmRNSSecond Price Monitoring Extn
24th Aug 20174:35 pmRNSPrice Monitoring Extension
21st Aug 20177:00 amRNSHYLAS 4 Launch Update
15th Aug 20174:35 pmRNSPrice Monitoring Extension
10th Aug 201710:00 amRNSDirectorate Change
9th Aug 20174:35 pmRNSPrice Monitoring Extension
4th Jul 20174:40 pmRNSSecond Price Monitoring Extn
4th Jul 20174:35 pmRNSPrice Monitoring Extension
4th Jul 20179:30 amRNSClosing of $100 Million Super Senior Facility
4th Jul 20177:59 amRNSTrading Update
3rd Jul 20174:58 pmRNS2023 Notice to Holders
3rd Jul 20173:42 pmRNS2021 Notice to Holders
29th Jun 20177:00 amRNSContract Win
22nd Jun 20178:30 amRNSContract Win
19th Jun 20177:00 amRNSContract Win
16th Jun 20177:00 amRNSNew $100 Million Super Senior Facility
31st May 20177:00 amRNSTrading Update
5th Apr 20174:40 pmRNSSecond Price Monitoring Extn
5th Apr 20174:35 pmRNSPrice Monitoring Extension
31st Mar 20177:00 amRNSContract Win
29th Mar 20177:00 amRNSPartnership with Millicom
24th Mar 201712:21 pmRNSDelisting Notice
22nd Mar 20177:00 amRNSContract Win
20th Mar 20178:55 amRNSDirectorate Change
28th Feb 20177:00 amRNS2017 First Half Results
20th Feb 20178:05 amRNSContract Win
8th Feb 20173:36 pmRNSIssue of Equity
30th Jan 20178:22 amRNSDirectorate Changes
27th Jan 20177:00 amRNSCompletion of Refinancing
25th Jan 20177:00 amRNSLaunch of Service
23rd Jan 20177:00 amRNSExpiration of Consent Solicitation
19th Jan 20173:28 pmRNSResult of General Meeting
6th Jan 20177:54 amRNSSuccessful Consent Solicitation
5th Jan 20178:47 amRNSHolding(s) in Company
29th Dec 20162:32 pmRNSResult of AGM
23rd Dec 20162:22 pmRNSPublication of Annual Report & Accounts
20th Dec 201610:51 amRNSForm 8.5 (EPT/NON-RI)
20th Dec 20169:34 amRNSQ1 2017 Trading Update
20th Dec 20169:28 amRNSFinal Results
20th Dec 20167:11 amRNSRefinancing and completion of strategic review
19th Dec 20169:52 amRNSForm 8.5 (EPT/NON-RI)
16th Dec 201611:10 amRNSForm 8.5 (EPT/NON-RI)
15th Dec 201611:24 amRNSForm 8.5 (EPT/NON-RI)
13th Dec 201612:05 pmRNSForm 8.5 (EPT/NON-RI)
12th Dec 201611:24 amRNSForm 8.5 (EPT/NON-RI)
9th Dec 20169:59 amRNSForm 8.5 (EPT/NON-RI)
9th Dec 20168:00 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
8th Dec 201610:32 amRNSNotice of AGM
8th Dec 20169:46 amRNSForm 8.5 (EPT/NON-RI)
8th Dec 20168:31 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc

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.