Avanti Communications bags contract with STM

AIM-listed satellite operator Avanti Communications says that US-based sector peer STM is to buy capacity on its HYLAS 1 satellite to enable it to launch Enterprise services in Spain.

No financial information regarding to contract was given.

HYLAS 1 is Avanti's first broadband satellite and uses 'Ka-band' technology to deliver high speed, two-way data services across Europe.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

STM will be installing an STM SatLink 9400 RCS2 ready hub in Avanti's Gateway Earth Station in Goonhilly, Cornwall.

"I am delighted to see our relationship with STM grow. The quality, reliability and flexibility of Avanti's offering has made it the product of choice for another Ka-band service platform," said Avanti's Chief Executive Officer David Williams.

Meanwhile, the Vice President of STM's European Operations, Bjorn Platou, said "we are very pleased to be entering the Ka band enterprise market in Europe with our long-standing partner, Avanti, based on the highly resilient HYLAS 1."

BC