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January 4th, 2012

Avanti Communications... Capacity Continues To Sell (SATCOM)

Artistic rendition of the HYLAS-2 satellite. Image courtesy of Orbital Sciences.
[SatNews] Avanti Communications Group Plc (AIM: AVN) has sold capacity....

....on HYLAS 2 to InSat GmbH (“InSat”) in a five year deal worth $7.3m. David Williams, Chief Executive of Avanti, said,  "I welcome InSat, a very well regarded service provider, to the HYLAS fleet. We are now just a few months away from the launch of HYLAS 2 and I am pleased to note the capacity is selling well.  Several beams are already close to full saturation and others are fully optioned.  The attractive demand growth characteristics in the Middle East and Africa in all segments combined with a benign macro-economic environment gives us great confidence that this satellite will sell out well within our five year target." Company information.