AVN.L Regulatory News (AVN)

1 Jun 2007 07:01

Avanti Communications Group Plc01 June 2007 1 June 2007 Avanti Communications Group Plc Satellite Bandwidth Contract Avanti Communications Group plc (AIM: AVN) has signed a contract to providesatellite bandwidth to STM Norway for an initial period of 2.5 years fromSeptember 2007. The value of the contract to Avanti Communications is $1,708,000(£875,000). STM Norway is part of STM Group which is a global telecommunications group ofcompanies headquartered in California, USA specializing in VSAT and Wirelessproducts and services for Broadband, VoIP, Rural Telephony and Cellularsolutions. It has offices in US, Latin America, Europe, Asia, Africa, and theMiddle East along with a number of channel partners worldwide. Enquiries: Avanti Communications Chief Executive - David Williams 020 7749 1600 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 geo-stationery 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