Announcement
Avanti Comms Group : Contract Win
RNS Number : 6208R
Avanti Communications Group Plc
11 March 2016
AVANTI COMMUNICATIONS GROUP PLC
Contract Win
Avanti Communications signs the first order for HYLAS 4 capacity
Avanti Communications Group plc ("Avanti" or "the Group"), a leading provider of satellite data communications services in Europe, the Middle East and Africa announces its first pre-launch contract for capacity on the HYLAS 4 satellite.
Avanti will supply Bentley Walker, one of its key existing customers, with capacity on HYLAS 4 across Sub-Saharan Africa in a $1 million + commitment. HYLAS 4 is on-track to be launched in the first quarter of 2017. It is a 28GHz satellite and will complete Avanti's coverage of Europe, Africa and the Middle East.
Anthony Walker, Chief Executive Officer at Bentley Walker, commented: "As we continue to expand our territory, we need the most resilient, high quality and flexible satellite network. Avanti's upcoming HYLAS 4 satellite will deliver all three requirements, and will provide us with the full coverage of Sub-Saharan Africa that we need."
David Williams, Chief Executive Officer of Avanti, said: "We are seeing strong customer interest in HYLAS 4 as we count down to its launch in a year from now, from both new and existing customers. Bentley Walker is one of our key partners, renowned for its dedication to delivering the best possible services and opening new markets. HYLAS 4's flexibility will help Bentley Walker to address the demands of both niche and mass market users in new geographies as it grows, together with Avanti."
For further information please contact:
Avanti: Matthew Springett, +44 (0)207 749 6703
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Hannah Nicolas, +44 (0)207 382 4734
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900
Notes to editors
About Avanti Communications
Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.
Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.
The Group has invested $1.2bn in a network that incorporates satellites, gateway earth stations, datacentres and a fibre ring.
Avanti has a unique Cloud based customer interface that is protected by patented technology. The Group has three satellites in orbit and a further two fully funded satellites under construction.
Avanti Communications is listed in London on AIM (AVN:LSE).
About Bentley Walker
Bentley Walker is ranked as the largest supplier and operator of VSAT Networks outside of North America. Comsys independently audited Bentley Walker as having around 45% of the Market in Europe and the Middle East, to date having sold and brought online over 40,000 VSATs.
Bentley Walker Ltd and Bentley Telecom are both privately owned Companies, the former started in 1947 by the Late LT Commander C Walker (George Cross DSC, DSO, DFC) RNVR in 1947 and is currently run and owned by Mr. Anthony Walker and Mr. Matthew Walker.
This information is provided by RNS
The company news service from the London Stock Exchange
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