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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
 
 
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