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.
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
"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
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.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz