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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Avanti Communications Group PLC    AVN   GB00B1VCNQ84

AVANTI COMMUNICATIONS GROUP PLC

(AVN)
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Avanti Communications : Successful Launch of HYLAS 3

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08/07/2019 | 11:00am EST

Avanti Communications Group plc

Successful Launch of HYLAS 3

Avanti Communications Group PLC (AIM: AVN) ("Avanti" or the "Company"), a leading provider of satellite data communications services in Europe, the Middle East and Africa, announces the successful launch of HYLAS 3 from Kourou, French Guiana on Ariane Flight VA249 on Tuesday 6 August 2019.

The Ariane 5 rocket launched HYLAS 3 into its correct orbit on schedule. HYLAS 3 successfully separated from the Ariane 5 rocket on time and telemetry was received by the control centre at the European Spaceport.

HYLAS 3 is a hosted Ka-band communications payload on board the EDRS-C satellite - a public private partnership between the European Space Agency and Airbus. This is the second successful launch of an Avanti payload in as many years and brings total fleet capacity over EMEA to 50 GHz.

Kyle Whitehill, Chief Executive of Avanti, said:

"I'm pleased to announce HYLAS 3 has been successfully launched thereby completing our capital expenditure cycle. The satellite will undertake a series of pre-planned in-orbit acceptance tests over the coming months before we commence service for customers."

For further information, please contact:

Avanti Communications Nigel Fox
Tel: +44 20 7749 1600
Cenkos Securities (Nomad) Max Hartley, Katy Birkin
Tel: +44 207 397 8900
Newgate Communications Adam Lloyd
Tel: +44 (0)20 3757 9842

About Avanti

Avanti connects people wherever they are. Through the HYLAS satellite fleet and partners in 118 countries, our network provides ubiquitous internet service to an end market of over 1.7bn people. Avanti works together with like-minded people and organisations to go the extra mile, developing new, innovative and pioneering satellite solutions that help to liberate the potential of people, businesses and government departments across EMEA. We have invested $1.2bn in the latest Ka-band satellite technology and shaped it to meet our customers' aspirations.

Avanti is listed in London on AIM (AVN: LSE).

Disclaimer

Avanti Communications Group plc published this content on 07 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2019 14:59:07 UTC

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Financials (GBP)
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Capitalization 26,0 M
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NameTitle
Kyle David Whitehill Chief Executive Officer & Director
Alan Paul Harper Chairman
Nigel Adrian Dawson Fox Group Finance Director & Executive Director
Paul Robert Johnson Independent Non-Executive Director
Michael E. Leitner Non-Executive Director
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