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
Sign up for MoneyWeek's newsletters
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.
-
Zhang Shengwei: the godfather of the vape industry
Profile Zhang Shengwei quietly grew his online vape shop and now gives Big Tobacco a run for its money. Can he survive the backlash from regulators?
By Jane Lewis Published
-
Tomorrow’s Asian giants while they are still small companies
Opinion Nitin Bajaj, portfolio manager of the Fidelity Asian Values trust, picks three Asian companies to invest in.
By Nitin Bajaj Published