27 Oct 2009 12:28
RNS Number : 4392B
Avanti Communications Group Plc
27 October 2009
Date: 27 October 2009
On behalf of: Avanti Communications Group plc ("Avanti", "the Group" or "the Company")
For immediate release
Avanti Communications Group plc
Result of AGM
The Board of Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, is pleased to confirm that all resolutions put to shareholders at its Annual General Meeting today were duly passed.
Enquiries to:
| Avanti Communications Group plc Nigel Fox | http://www.avanti-communications.com 020 7749 1600 |
| Redleaf Communications Ltd | avanti@redleafpr.com |
| Sam Robbins / Paul Dulieu | 020 7566 6700 |
| Cenkos Securities | |
| Julian Morse / Ivonne Cantú | 020 7397 8900 |
Notes to Editors:
About Avanti Communications
·; Avanti sells satellite broadband services to telecoms companies which use them to supply homes and businesses.
·; Avanti's first satellite, called HYLAS is under construction and will be the first superfast broadband satellite launched in Europe.
·; The market for 2Mb satellite broadband products in Europe is estimated at more than 70 million households.
·; Avanti currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch.
·; The European Commission has set aside funding for rural broadband projects in 79 regions across Europe with a total value of EUR2.8 billion over the next five years.
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