RNS Number : 3857Q
Avanti Communications Group Plc
29 February 2016
AVANTI COMMUNICATIONS GROUP PLC
Avanti Communications Group plc ("Avanti" or "the Group"), a leading provider of satellite data communications services in Europe, the Middle East and Africa announces a new contract with isNet, a subsidiary of Isbank, one of the largest banks in Turkey.
isNet will provide Ka-band satellite connectivity to its enterprise customers in Turkey and Europe through Avanti's HYLAS 1 and 2 satellites.
Erkut Balcı, Group Manager of Satellite Services, Technology, Operations and Strategy Directorate at isNet, commented: "isNet has experienced exceptional growth in the internet banking, VPN, and voice and IT solutions sectors. As our business develops and we expand our territory, we require the highest quality services for our customers. Avanti's satellite network allows us to achieve this."
David Williams, Chief Executive Officer of Avanti, said: "By providing services with unparalleled quality and flexibility we help ensure that businesses like isNet can meet the expectations of even the most demanding financial services sector customers."
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, ground 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).
Established in 1999 as a subsidiary of Türkiye İş Bankası, isNet initially began extending the use of internet banking. The company has since grown to provide an extensive range of internet, data services and infrastructure, including: voice, VPN, data centre, e-invoice and IT solutions.
Isbank is one of the leading financial institutions in Turkey. It has Over 900 branches, 4,150 ATMs and 420,000 POS terminals.
This information is provided by RNS
The company news service from the London Stock Exchange