Avanti Communications launches second satellite
Avanti Communications has successfully launched its second satellite which it hopes will rake in big profits providing data services to emerging markets.
Avanti Communications has successfully launched its second satellite which it hopes will rake in big profits providing data services to emerging markets.
The HYLAS 2 was launched from the European Spaceport in Kourou, French Guiana on Thursday night.
It will now go through three months of testing before beginning to offer services to customers.
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"HYLAS 2 will provide high speed data capacity across Africa, Caucasia and the Middle East" said Avanti's Chief Executive, David Williams, adding: "This service changes everything in the data markets in those regions that have previously left companies, governments and consumers poorly served."
Avanti shares opened higher but had fallen back 0.3% by 9:28. Since the beginning of the year the stock has risen 34% and now has an equity value of £434m.
BS
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