This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (“MAR”). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
Avanti Communications (AIM: AVN), (“Avanti” or the “Company“), a leading provider of satellite data communications services in Europe, the Middle East and Africa, has signed a long term bandwidth contract with the Turkish communications satellite operator Turksat.
Under the contract, Turksat will commit to 1.8 ghz of capacity on Hylas 2 for the next three years with an option to extend for a further 12 months. The contract will commence on 1 June 2019 and revenues will be spread evenly across the life of the contract.
Kyle Whitehill, Chief Executive Officer, Avanti Communications said: “We are delighted to have been able to provide this capacity to Turksat which will cover the whole of Turkey… This is a significant amount of capacity on HYLAS 2 and demonstrates the demand in the regions in which Avanti operates.”
Cenk Şen, Chief Executive Officer, at Turksat continued: “We are very happy about our partnership with Avanti, as Turksat is a global player in satellite market, this agreement will enable each partner to grow their business significantly with providing high quality solutions to different organisations with a seamless connection.”
For further information, please contact:
Tel: +44 (0)207 749 1600
|Cenkos (Nomad)||Max Hartley/Katy Birkin
Tel: +44 207 397 8900
|Newgate Communications||Ralph Anderson
Tel: +44 20 3757 6883
Notes to Editors:
Türksat Uydu Haberleşme Kablo TV ve İşletme A.Ş. (“Türksat”) is one of the world’s leading companies providing all sorts of satellite communications through the satellites of Türksat as well as the other satellites. Türksat currently operates three satellites and with its recent investments Turksat will operate six satellites by 2021. Providing services for voice, data, internet, TV, and radio broadcasting through the satellites across a wide area extending from Europe to Asia, Türksat is able to provide flexible solutions aimed at customers’ needs in regions where no terrestrial infrastructure is available. Bringing different languages and cultures together by means of its global solutions in satellite communications, Türksat provides cable broadcasting services as well for its domestic subscribers through its existing cable infrastructure. Furthermore, Türksat operates the e-Government Portal within the scope of its information services and conducts projects for the provision of public services electronically.