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6 Sep 2010 09:41
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Date: |
6 September 2010 |
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On behalf of: |
Avanti Communications Group plc ("Avanti" or "the Company") |
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For immediate release |
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Avanti Communications Group plc
Schedule Confirmation
On 12 July 2010, Avanti (AIM: AVN), the broadband satellite operator, announced that the Board's estimate was that there was a risk of schedule delay of up to six weeks from the proposed end of September launch of the HYLAS 1 satellite.
The Company now confirms that it has agreed the launch slot on an Ariane 5 launch vehicle which opens on 15 November 2010 with launch expected on that day or within a few days thereafter.
The HYLAS 1 spacecraft has successfully completed its assembly, integration and test campaign and is therefore fully complete and ready for launch.
---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
Rupert Mitchell / Oliver Griffiths
Redleaf Communications Ltd Tel: +44 (0) 20 7566 6700
Emma Kane / Paul Dulieu
Notes to Editors:
About Avanti
¡ Avanti sells satellite broadband services to telecoms companies which use them to supply residential, enterprise and institutional users.
¡ Avanti's first satellite, called HYLAS 1, will launch in November 2010 and will be the first superfast broadband satellite launched in Europe.
¡ Avanti's second satellite, called HYLAS 2, is fully funded and will launch in Q2 2012. It will extend Avanti's coverage to Africa and the Middle East.
¡ The market for 2Mb satellite broadband products in the markets served by Avanti is estimated at more than 100 million households.
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