AIM-listed satellite operator Avanti Communications has been awarded a £5m contract by the Regional Growth Fund.
Avanti sells its satellite broadband services to telecoms firms who use them to supply residential, enterprise and institutional users.
This contract relates to the the expansion of its broadband infrastructure and activities in Cornwall, the group said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The award is conditional on completion of standard government procedures and was today announced by the Department of Business Innovation and Skills," the statement read.
BC
-
Digital Services Tax: will Reeves let big tech off lightly to avoid tariffs?Rumours are circulating that the Digital Services Tax on big tech companies could be cut as Rachel Reeves seeks to appeal to president Trump
-
Rachel Reeves set to increase penalties for filing tax returns lateThe Chancellor will announce hikes to penalties for late tax returns in her Spring Statement as she scrambles to raise an extra £1 billion a year. Here’s what you need to know
