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Avanti Comms Group (AVN)

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Thursday 28 February, 2008

Avanti Comms Group

Holding(s) in Company

Avanti Communications Group Plc
28 February 2008

Date:               28 February 2008
On behalf of:       Avanti Communications Group plc ('Avanti' or 'the Company')
Embargoed until:    0700hrs


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 274,411 ordinary shares in the Company on 27 February 2008.
Caledonia Investment plc now holds 6,762,845 ordinary shares in Avanti
Communications, being approximately 24.41% 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