Proactive Investors - Run By Investors For Investors

Avanti Communications sells more capacity on HYLAS 1 satellite

Avanti Communications sells more capacity on HYLAS 1 satellite

Avanti Communications Group (LON:AVN) said global satellite network operator and existing partner STM is buying Ka band capacity on its operating HYLAS 1 satellite to enable them to launch Enterprise services in Spain.

STM will be installing the required satlink hub at Avanti's Gateway Earth Station at Goonhilly in Cornwall.

The STM hub will be managed from STM's global network centre in Madrid by Global IP.

HYLAS 1 launched in November 2010, and is Avanti’s first Ka band services satellite.

The next one, HYLAS 2, is currently on track for a June 2012 delivery date.  Avanti has notified launch service provider Arianespace that it wants to launch as soon as possible after June 30.

Last week, the company announced a placing to raise £73.8 million after expenses to fully fund the design, construction and launch of HYLAS 3.

View full AVN profile View Profile

Avanti Communications Timeline

September 16 2016

Related Articles

Network cables
January 23 2019
The group's networking and cyber division has helped improve networks for multiple entities, most recently the Kenya Education Network which provides internet and e-learning to the country's universities

© Proactive Investors 2019

Proactive Investors 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