Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Avanti Communications inks two-year, US$4.5mln deal with new customer in mobility market

It’s the first contract won by Avanti in this particular sector, and the company hopes more will follow
Satellite in space
The name of the new customer is commercially confidential

Satellite operator Avanti Communications Group PLC (LON:AVN) has secured a two-year, US$4.5mln contract with a new customer in the mobility market.

Under the deal – the first to be signed by Avanti in this particular sector – the AIM-traded group will deploy capacity from its HYLAS fleet of satellites.

“We are pleased to announce our first contract in the high growth mobility market,” said chief executive David Williams.

“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.”

The HYLAS fleet of satellites deliver high speed two-way data services throughout Europe.

Today’s contract win follows on from a fresh US$100mln cash injection which Avanti announced on Friday.

View full AVN profile View Profile

Avanti Communications Timeline

Newswire
September 16 2016

Related Articles

1504096349_shutterstock_420468130.jpg
August 30 2017
It also confirmed it expects growth for the full-year to be in line with market expectations

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use