Starsat Contract Win

Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, announces that it has signed a new VNO contract with Starsat, a service provider in Albania.  Starsat previously signed a wholesale contract, and is now making a separate commitment to capacity (interim and HYLAS) in order to provide mission critical communications services to a financial services company.  This phase of the contract is worth £138k over three years. 
David Williams, Chief Executive of Avanti, said;“I am pleased that we are able to grow our relationship with customers like Starsat by helping them to win more business and it is a good sign that our service providers are winning corporate data networks business with our products in addition to consumer broadband. The demand for satellite broadband services around Europe is strong and growing fast in the private sector.  But added to that, the spending now being undertaken by the EU on rural broadband roll-outs makes us feel increasingly recession proof.  We expect strong further contract win news flow soon.”

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