Avanti Communications Group Plc – Long Term Bandwidth Contract with Turksat

Avanti Communications (AIM: AVN), 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.“