Avanti Communications Group Plc HYLAS 4 Launch Update (4689O)
21 August 2017 - 4:00PM
UK Regulatory
TIDMAVN
RNS Number : 4689O
Avanti Communications Group Plc
21 August 2017
21 August 2017
Avanti Communications Group plc
("Avanti" or the "Company")
HYLAS 4 Launch Update
Avanti is pleased to announce that it has agreed a Launch Slot
for its HYLAS 4 satellite with Arianespace beginning 1(st) March
2018. The intended launch configuration for this slot will enable
additional fuel to be embarked upon HYLAS 4 enabling it to reach
geostationary orbit approximately 90 days earlier than would
otherwise be the case.
Therefore, assuming the current launch manifest is maintained,
HYLAS 4 will achieve geostationary orbit at approximately the same
time as the previously announced launch date. Consequently, HYLAS 4
revenues would be expected to flow from July 2018 as previously
planned.
Furthermore, this configuration also provides a lower mission
risk profile and enables sufficient fuel to be embarked to support
the satellite for up to 19 years in orbit, an increase of 27% over
previous expectations.
This announcement contains inside information.
-ENDS-
For further information please contact:
Avanti
David Bestwick/Nigel
Fox +44(0)207 749 1600
Montfort:
Nick Miles + 44 7973 130669
Redleaf: +44 (0)207 382
Lara Pyliotis 4763
Cenkos Securities
plc
Max Hartley (Nomad) +44 (0) 20 7397
/ Julian Morse 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.
Avanti Communications is listed in London on AIM (AVN: LSE).
www.avantiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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