(AVN.L) Avanti Communications Group PLC Buy/Sell

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(RNS) 2009-11-05 07:01 Avanti Comms Group - Satellite Delivery
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RNS Number : 9825B Avanti Communications Group Plc 05 November 2009 `Date: 5 November 2009` `On behalf of: Avanti Communications Group plc ("Avanti", "the Group" or "the Company")` Embargoed until: 0700hrs Avanti Communications Group plc Satellite Delivery Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, is pleased to announce that its HYLAS satellite payload has arrived safely at the ISRO satellite assembly facility in India where it is now being integrated into the platform and prepared for launch. Within a few days of arriving in India the first payload panel was successfully integrated and work is proceeding well. The satellite is firmly on track for delivery in Q2, 2010. David Williams, Chief Executive of Avanti, said: "I am pleased that we are now in the final phase of assembly. The demand in the market for satellite broadband is getting stronger every month as can be observed by our recent contract wins. Also the consensus in government, evidenced by this week's Select Committee Enquiry into broadband, shows that Avanti will be delivering a much needed and highly valued service across Europe." Enquiries to: Avanti Communications Group plc http://www.avanti-communications.com `David Williams 020 7749 1600` `Redleaf Communications Ltd avanti@redleafpr.com` `Sam Robbins / Paul Dulieu 020 7566 6700` Cenkos Securities `Julian Morse / Ivonne Cant 020 7397 8900` Notes to Editors: About Avanti Communications AVANTI SELLS SATELLITE BROADBAND SERVICES TO TELECOMS COMPANIES WHICH USE THEM TO SUPPLY HOMES AND BUSINESSES. AVANTI'S FIRST SATELLITE, CALLED HYLAS IS UNDER CONSTRUCTION AND WILL BE THE FIRST SUPERFAST BROADBAND SATELLITE LAUNCHED IN EUROPE. THE MARKET FOR 2MB SATELLITE BROADBAND PRODUCTS IN EUROPE IS ESTIMATED AT MORE THAN 70 MILLION HOUSEHOLDS. AVANTI CURRENTLY PROVIDES SATELLITE BROADBAND SERVICES TO CUSTOMERS IN EUROPE USING LEASED SATELLITE CAPACITY WHICH IT WILL TRANSFER TO HYLAS ON LAUNCH. THE EUROPEAN COMMISSION HAS SET ASIDE FUNDING FOR RURAL BROADBAND PROJECTS IN 79 REGIONS ACROSS EUROPE WITH A TOTAL VALUE OF EUR2.8 BILLION OVER THE NEXT FIVE YEARS. DAVID WILLIAMS EVIDENCE TO THE SELECT COMMITTEE ON BROADBAND CAN BE SEEN AT HTTP://WWW.PARLIAMENTLIVE.TV/MAIN/PLAYER.ASPX?MEETINGID=5033 This information is provided by RNS The company news service from the London Stock Exchange END MSCBLBDBSSGGGCS
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