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Avanti Comms Group (AVN)

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Friday 08 January, 2010

Avanti Comms Group

Holdings in Company

RNS Number : 2838F
Avanti Communications Group Plc
08 January 2010


January 2010

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 broadband satellite operator, announces that it has received notification from Caledonia Investments plc that it now holds 10,473,956 ordinary shares in Avanti Communications, being approximately 16.40% of the issued ordinary share capital of the Company.

Enquiries to:

Avanti Communications Group plc

David Williams/Nigel Fox 

020 7749 1600

Redleaf Communications Ltd 

Wendy Watherston / Paul Dulieu

020 7566 6700 

Cenkos Securities

Max Hartley / Julian Morse

 020 7678 8000

Notes to Editors:

About Avanti Communications

  • Avanti sells satellite broadband services to telecoms companies which use them to supply homes and businesses. 

  • Avanti's first satellite, called HYLAS1 is under construction for launch in Q2 2010 and will be the first superfast broadband satellite launched in Europe

  • Avanti's second satellite, HYLAS 2 will launch in 2012 to provide similar services in EMEA

  • The market for 2Mb satellite broadband products in the Europe, Middle East and Africa markets Avanti serves is estimated at more than 100 million homes and businesses. 

  • Avanti currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to HYLAS 1 on launch. 

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