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| 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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMAVN
RNS Number : 2639I
Avanti Communications Group Plc
07 August 2019
7 August 2019
Avanti Communications Group plc
Successful Launch of HYLAS 3
Avanti Communications Group PLC (AIM: AVN) ("Avanti" or the "Company"), a leading provider of satellite data communications services in Europe, the Middle East and Africa, announces the successful launch of HYLAS 3 from Kourou, French Guiana on Ariane Flight VA249 on Tuesday 6 August 2019.
The Ariane 5 rocket launched HYLAS 3 into its correct orbit on schedule. HYLAS 3 successfully separated from the Ariane 5 rocket on time and telemetry was received by the control centre at the European Spaceport.
HYLAS 3 is a hosted Ka-band communications payload on board the EDRS-C satellite - a public private partnership between the European Space Agency and Airbus. This is the second successful launch of an Avanti payload in as many years and brings total fleet capacity over EMEA to 50 GHz.
Kyle Whitehill, Chief Executive of Avanti, said:
"I'm pleased to announce HYLAS 3 has been successfully launched thereby completing our capital expenditure cycle. The satellite will undertake a series of pre-planned in-orbit acceptance tests over the coming months before we commence service for customers."
For further information, please contact:
Hot Features
Premium
Avanti Communications Nigel Fox
Tel: +44 (0)20 7749 1600
Cenkos Securities (Nomad) Max Hartley, Katy Birkin
Tel: +44 (0)20 7397 8900
Newgate Communications Adam Lloyd
Tel: +44 (0)20 3757 9842
About Avanti
Avanti connects people wherever they are. Through the HYLAS satellite fleet and partners in 118 countries, our network provides ubiquitous internet service to an end market of over 1.7bn people. Avanti works together with like-minded people and organisations to go the extra mile, developing new, innovative and pioneering satellite solutions that help to liberate the potential of people, businesses and government departments across EMEA. We have invested $1.2bn in the latest Ka-band satellite technology and shaped it to meet our customers' aspirations.
Avanti is listed in London on AIM (AVN: LSE). www.avantiplc.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 07, 2019 07:18 ET (11:18 GMT)
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