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25 Jun 2018 | 09:22

Avanti Communications inks $10m contract with Viasat

Avanti Communications said Monday it had signed a $10m contract with global communications company, Viasat, to provide the latter with leased capacity on a steerable beam on the newly launched Avanti HYLAS 4 satellite.

The contract has an initial period of two years, Avanti said.

'Avanti's contract with Viasat reflects the winning qualities of our HYLAS 4 satellite. This is a confirmation that our new carrier strategy helps operators to increase addressable markets and drive customer satisfaction without additional satellite and launch capex spend,' said Kyle Whitehill, Chief Executive Officer, Avanti Communications. At 9:22am: (LON:AVN) Avanti Communications Group PLC share price was +0.54p at 5.44p

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