QSAT Contract Win
Avanti Communications Group plc, the satellite operator, announces the sale of capacity on HYLAS 1 to QSAT of Ireland (‘QSAT’) in a sevenâ¨year deal worth a minimum of £9.3 million and up to £13.6 million. QSAT will also acquire (subject to completion of administrative processes) certain end user broadband consumers which Avanti has within itsâ¨legacy business, thus stripping out operating expenses and removing a channel conflict with Avanti’s wholesale distribution strategy.
Approximately half of the capacity that QSAT has purchased will be used to service these existing customers and half is additionalâ¨capacity to support QSAT’s planned growth outside of Ireland. QSAT is already the largest satellite broadband service provider in Ireland andâ¨has been a customer of Avanti since the HYLAS 1 launch.
David Williams, Avanti Chief Executive said: “QSAT has already had success in establishing a significant sized customer base in Irelandâ¨with Avanti and this transaction helps them to bring a winning formula to the UK. We are pleased to see successful customers expanding assertively.”
Niall Quinn, QSAT Chairman said: “At QSAT we are delighted with our association with Avanti. The Avanti HYLAS 1 system offersâ¨the best quality, reliability and flexibility in the market and QSAT plans to grow a large International business with Avanti.” About QSAT The new QSAT brand was launched in July 2011, to accelerate and finance the growth of a business built over several years. It has already been established as the leading Satellite Provider in Ireland, and the company has aggressive growth plans in both Ireland and the UK.
- 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 super fast 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.