Avanti Communications Group Plc Long Term Bandwidth Contract with Turksat (3586V)
08 Abril 2019 - 1:00AM
UK Regulatory
TIDMAVN
RNS Number : 3586V
Avanti Communications Group Plc
08 April 2019
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the
publication of this announcement, the inside information is now
considered to be in the public domain for the purposes of MAR.
Avanti Communications Group plc
Avanti Communications Signs Long Term Bandwidth Contract with
Turksat
Avanti Communications (AIM: AVN), ("Avanti" or the "Company"), a
leading provider of satellite data communications services in
Europe, the Middle East and Africa, has signed a long term
bandwidth contract with the Turkish communications satellite
operator Turksat.
Under the contract, Turksat will commit to 1.8 ghz of capacity
on Hylas 2 for the next three years with an option to extend for a
further 12 months. The contract will commence on 1 June 2019 and
revenues will be spread evenly across the life of the contract.
Kyle Whitehill, Chief Executive Officer, Avanti Communications
said: "We are delighted to have been able to provide this capacity
to Turksat which will cover the whole of Turkey. This is a
significant amount of capacity on HYLAS 2 and demonstrates the
demand in the regions in which Avanti operates."
Cenk en, Chief Executive Officer, at Turksat continued: "We are
very happy about our partnership with Avanti, as Turksat is a
global player in satellite market, this agreement will enable each
partner to grow their business significantly with providing high
quality solutions to different organisations with a seamless
connection."
For further information, please contact:
Avanti Nigel Fox
Tel: +44 (0)207 749
1600
Cenkos (Nomad) Max Hartley/Katy Birkin
Tel: +44 207 397 8900
Newgate Communications Ralph Anderson
Tel: +44 20 3757 6883
Notes to Editors:
About Turksat
Türksat Uydu Haberle me Kablo TV ve İ letme A. . ("Türksat") is
one of the world's leading companies providing all sorts of
satellite communications through the satellites of Türksat as well
as the other satellites. Türksat currently operates three
satellites and with its recent investments Turksat will operate six
satellites by 2021. Providing services for voice, data, internet,
TV, and radio broadcasting through the satellites across a wide
area extending from Europe to Asia, Türksat is able to provide
flexible solutions aimed at customers' needs in regions where no
terrestrial infrastructure is available. Bringing different
languages and cultures together by means of its global solutions in
satellite communications, Türksat provides cable broadcasting
services as well for its domestic subscribers through its existing
cable infrastructure. Furthermore, Türksat operates the
e-Government Portal within the scope of its information services
and conducts projects for the provision of public services
electronically.
About Avanti Communications
Avanti connects people wherever they are - in their homes,
businesses, in government and on mobiles. Through the HYLAS
satellite fleet and its partners across 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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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