Avanti Communications Group Plc Contract Win (3857Q)
29 February 2016 - 6:00PM
UK Regulatory
TIDMAVN
RNS Number : 3857Q
Avanti Communications Group Plc
29 February 2016
AVANTI COMMUNICATIONS GROUP PLC
Contract Win
Avanti Communications Group plc ("Avanti" or "the Group"), a
leading provider of satellite data communications services in
Europe, the Middle East and Africa announces a new contract with
isNet, a subsidiary of Isbank, one of the largest banks in
Turkey.
isNet will provide Ka-band satellite connectivity to its
enterprise customers in Turkey and Europe through Avanti's HYLAS 1
and 2 satellites.
Erkut Balcı, Group Manager of Satellite Services, Technology,
Operations and Strategy Directorate at isNet, commented: "isNet has
experienced exceptional growth in the internet banking, VPN, and
voice and IT solutions sectors. As our business develops and we
expand our territory, we require the highest quality services for
our customers. Avanti's satellite network allows us to achieve
this."
David Williams, Chief Executive Officer of Avanti, said: "By
providing services with unparalleled quality and flexibility we
help ensure that businesses like isNet can meet the expectations of
even the most demanding financial services sector customers."
For further information please contact:
Avanti: Matthew Springett, +44 (0)207 749 6703
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Hannah Nicolas, +44 (0)207 382 4734
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44
(0)207 397 8900
Notes to editors
About Avanti Communications
Avanti connects people wherever they are - in their homes,
businesses, in government and on mobiles. Through the HYLAS
satellite fleet and more than 180 partners in 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.
The Group has three satellites in orbit and a further two fully
funded satellites under construction.
Avanti Communications is listed in London on AIM (AVN:LSE).
www.avantiplc.com
About isNet
Established in 1999 as a subsidiary of Türkiye İ Bankası, isNet
initially began extending the use of internet banking. The company
has since grown to provide an extensive range of internet, data
services and infrastructure, including: voice, VPN, data centre,
e-invoice and IT solutions.
Isbank is one of the leading financial institutions in Turkey.
It has Over 900 branches, 4,150 ATMs and 420,000 POS terminals.
www.isnet.net.tr
This information is provided by RNS
The company news service from the London Stock Exchange
END
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