Avanti Communications Group Plc HYLAS 4 Launch Update (4689O)

TIDMAVN

RNS Number : 4689O

Avanti Communications Group Plc

21 August 2017

21 August 2017

Avanti Communications Group plc

("Avanti" or the "Company")

HYLAS 4 Launch Update

Avanti is pleased to announce that it has agreed a Launch Slot for its HYLAS 4 satellite with Arianespace beginning 1(st) March 2018. The intended launch configuration for this slot will enable additional fuel to be embarked upon HYLAS 4 enabling it to reach geostationary orbit approximately 90 days earlier than would otherwise be the case.

Therefore, assuming the current launch manifest is maintained, HYLAS 4 will achieve geostationary orbit at approximately the same time as the previously announced launch date. Consequently, HYLAS 4 revenues would be expected to flow from July 2018 as previously planned.

Furthermore, this configuration also provides a lower mission risk profile and enables sufficient fuel to be embarked to support the satellite for up to 19 years in orbit, an increase of 27% over previous expectations.

This announcement contains inside information.

-ENDS-

For further information please contact:

 
Avanti 
 David Bestwick/Nigel 
 Fox                    [phone] 
 Montfort: 
 Nick Miles              + 44 7973 130669 
Redleaf:                [phone] 
 Lara Pyliotis           4763 
Cenkos Securities 
 plc 
 Max Hartley (Nomad)    [phone] 
 / Julian Morse          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

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August 21, 2017 02:00 ET (06:00 GMT)