logo-loader

Avanti Communications Group PLC announces first contract win

Published: 07:05 11 Mar 2016 EST

shutterstock_238055443_56e2b554c52cd
The satellite will complete the group's coverage of Europe, Asia and the Middle East.

Avanti Communications Group PLC (LON:AVN) has confirmed the first pre-launch contract for its latest telecommunications satellite.

The US$1mln plus commitment contract will supply a key existing customer, Bentley Walker, with capacity on its HYLAS 4 satellite across Sub-Saharan Africa.

"As we continue to expand our territory, we need the most resilient, high quality and flexible satellite network.

“Avanti's upcoming HYLAS 4 satellite will deliver all three requirements,” said Bentley Walker chief executive Anthony Walker.

The 28GHz satellite is due to be launched at the beginning of next year, completing Avanti’s coverage of Europe, Asia and the Middle East.

David Williams, chief executive of Avanti, said the group was already seeing strong customer interest in the satellite ahead of its launch.

Shares rose 2.5% to 104p.

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

42 minutes ago