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AVN Avanti Communications Group Plc

0.0526
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avanti Communications Group Plc LSE:AVN London Ordinary Share GB00B1VCNQ84 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0526 0.05 0.10 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Avanti Communications Group Plc Contract Win (4016I)

19/06/2017 7:00am

UK Regulatory


Avanti Communications (LSE:AVN)
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From Mar 2019 to Mar 2024

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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)

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