Avanti Communications Group Plc Contract Win (4016I)
June 19 2017 - 1:00AM
UK Regulatory
TIDMAVN
RNS Number : 4016I
Avanti Communications Group Plc
19 June 2017
Avanti Communications Group plc
CONTRACT WIN
-- $4.5M 2-year contract, first in mobility market
Avanti Communications Group plc ("Avanti"), a leading provider
of satellite data communications services in Europe, the Middle
East and Africa (EMEA), has signed a $4.5m 2-year contract to
deploy capacity from Avanti's HYLAS fleet to a new customer in the
mobility market.
The name of the company acquiring the capacity is commercially
confidential.
David Williams, Chief Executive Officer of Avanti, said: "We are
pleased to announce our first contract in the high growth mobility
market. Avanti is focussed on supporting service providers in this
sector with in-fill capacity when and where they need it. We are
enthusiastic about the broad range of other opportunities in the
mobility market that we are currently responding to and it suggests
a new pathway for growth."
This announcement contains inside information.
--ENDS--
For further information please contact:
Avanti Public Relations: Saffron Secker, +44 (0)207 749 1600
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Lara Pyliotis, +44 (0)207 382 4763
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.
Avanti Communications is listed in London on AIM (AVN:LSE).
www.avantiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTFPMMTMBJBTMR
(END) Dow Jones Newswires
June 19, 2017 02:00 ET (06:00 GMT)
Avanti Communications (LSE:AVN)
Historical Stock Chart
From Apr 2024 to May 2024
Avanti Communications (LSE:AVN)
Historical Stock Chart
From May 2023 to May 2024