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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.

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Avanti Communications Timeline

Newswire
September 16 2016

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