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.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
RICS: homebuyers are returning after stamp duty shock
The housing market has been subdued since stamp duty thresholds dropped in April, but there are signs of a recovery
-
Reducing cash ISA limit will make lending difficult and expensive, warn providers
An open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan