Novasoft Contract Win
Avanti Communications Group plc (AIM: AVN), the satellite operator, is pleased to welcome Novasoft Corporacion S.L. (“Novasoft”) as a new customer on HYLAS 1 in Spain. Novasoft’s subsidiary, Novasoft WiFi Extremadura, is an ICT services provider in Spain. It is working with the Regional Government of Extremadura in a project to provide subsidised broadband services to customers in rural areas that cannot access terrestrial broadband.According to European Union estimates, approximately 10% of residential telephone lines in Spain are unable to operate an internet connection at speeds of 2Mbps or more, equivalent to over 1m potential customers for fast satellite broadband.
Commenting, Avanti Chief Executive, David Williams, said: “I am pleased to note again thatAvanti’s successes in working with government-funded rural broadband projects can be replicated around Europe. Our technologies and experience in this field make Avanti and high quality local partners such as Novasoft the safe choice for any government agency wishing to solve rural broadband hot spots quickly and cost effectively.”
Novasoft is an innovative technology-based service company operating across Spain. The company specialises in providing solutions to corporate, agency and public sector clients across the ICT, strategic consulting and processing sectors, and maintains a strong ethical position on sustainability and social responsibility. Novasoft employs over 1,000 people and reported revenues of €49 million in 2010 (www.novasoft.es).
Avanti sells satellite data communications services to telecoms companies which use them to supply residential, enterprise and institutional users.
Avanti’s first satellite called HYLAS 1, launched on November 26th 2010 and is the first superfast broadband satellite launched in Europe.
Avanti’s second satellite, called HYLAS 2, is on target for launch in Q2 2012. It will extend Avanti’s coverage to Africa and the Middle East.