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Avanti Comms Group (AVN)

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Tuesday 26 February, 2008

Avanti Comms Group

Holding(s) in Company

Avanti Communications Group Plc
26 February 2008

                    
Date:               26 February 2008

On behalf of:       Avanti Communications Group plc ('Avanti' or 'the Company')
                    For immediate release


Avanti Communications Group plc

•    Holdings in Company

Avanti Communications Group Plc (AIM: AVN), the satellite operator, announces
that it has today received notification from Caledonia Investments plc that it
purchased a further 325,133 ordinary shares in the Company on 25 February 2008.
Caledonia Investment plc now holds 6,488,434 ordinary shares in Avanti
Communications, being approximately 23.42% of the issued ordinary share capital
of the Company.

- Ends -


Enquiries to:

 Avanti Communications Group plc           http://www.avanti-communications.com/
 David Williams                            020 7749 1600

 Redleaf Communications Ltd                http://www.redleafpr.com/
 Emma Kane/ Samantha Robbins               020 7822 0200
                                           sr@redleafpr.com

 Hoare Govett
 Justin Jones/ Hugo Fisher                 020 7678 8000


Notes to Editors:


About Avanti Communications
     
-    Avanti Communications Group's shares were admitted to AIM on 16 April 2007;

-    Avanti Communications Group is the only licensed Fixed Satellite Services 
     operator headquartered in the UK (and one of only eight such groups
     operating in Europe);

-    Avanti is licensed to provide satellite services spectrum which provides
     coverage of Europe, India, The Middle East, Central Asia, Africa and Latin
     America.

-    Avanti's first satellite, called HYLAS is under construction and due for
     launch in March 2009; the company plans further satellite projects;

-    Avanti, which has over 10 years' experience in the satellite industry,
     currently provides satellite data communications services to customers in 
     Europe using leased satellite capacity which it will transfer to HYLAS on 
     launch;

-    Its customers include broadband service providers, businesses of all sizes, 
     the British and foreign governments, the European Union and the European
     Space Agency;

-    The core applications for which Avanti expects HYLAS capacity to be used
     are broadband, corporate data networks, video distribution and military/
     security;

-    Avanti recently signed a debt facility agreement to borrow £32m.  The debt 
     facility provides sufficient capital for Avanti to complete the financing
     of its satellite construction, launch, insurance and operation together 
     with ample working capital headroom.  No further funding is required for 
     the HYLAS project.


                      This information is provided by RNS
            The company news service from the London Stock Exchange