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.
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
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
-
Lloyds axes foreign currency fees for Club Lloyds customersClub Lloyds customers will be able to withdraw their money abroad without incurring any extra fees
-
How to invest during stagflationTrump’s tariffs look poised to push the global economy into a period of stagflation. We look at how to ensure your investments can survive a global slowdown.
