Avanti Communications Group Plc Contract Win
July 13 2015 - 2:00AM
RNS Non-Regulatory
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Avanti Communications Group Plc
13 July 2015
RNS Reach
13 July 2015
AVANTI COMMUNICATIONS GROUP PLC
Contract Win
-- Avanti awarded contract with RSA business chamber for wide scale SME connectivity
-- South African Government funding for Ka-band satellite broadband to over 1,000 SMEs
Avanti Communications Group plc ("Avanti" or "the Group"), a
leading provider of satellite data communications services in
Europe, the Middle East and Africa, has signed a new contract with
South Africa's business chamber, Foundation for African Business
and Consumer Services (FABCOS) and its new major business incubator
programme, Microtelco e-ncubator(TM).
Delivered via funding from South Africa's Department of Trade
and Industry (DTI), the partnership will provide high speed
satellite broadband to over 1,000 small and medium sized
enterprises. The programme will be deployed extensively to
businesses setting up in some of the remotest parts of South
Africa, reaching a number of key sectors including retail, finance
and agriculture.
Delivery of resilient broadband connectivity underpins the RSA
government's business growth strategy. Research demonstrates that
SMEs are the building blocks of an economy: 91% of the entities in
South Africa are SMEs, of which 52-57% contribute to the country's
GDP. FABCOS's Microtelco e-ncubator(TM) programme specifically
nurtures small telecommunications companies, for which connectivity
is a vital part of day to day operations.
Alan Campbell, Director of ICTGLOBE Technology Encubator (Pty)
Ltd and National Treasurer General at FABCOS: "Our new contract
with Avanti is enabling us to deliver resilient broadband at scale
to our vast membership. Access to broadband has become as important
as any other utility for businesses here to succeed. Indeed, it is
an integral part of our incubation offering to our members. A huge
opportunity exists for connected enterprises in Africa, and we are
excited for what lies ahead with this significant satellite
partnership."
David Williams, Chief Executive of Avanti commented: "Working
hand-in-hand with FABCOS, its incubator and the South African
government, this contract will deliver vital connectivity and
training to the hundreds of businesses for whom broadband will
power growth. FABCOS is acting today to bring the countless
socio-economic benefits of broadband to its members. Avanti shows
that no-one in South Africa needs to wait for tomorrow to get
connected."
For further information please contact:
Avanti: Matthew Springett, +44 (0)207 749 6703
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Hannah Nicolas, +44 (0)207 382 4734
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44
(0)207 397 8900
About Foundation for African Business and Consumer Services
(FABCOS)
FABCOS promotes the development of township and rural small
businesses by striving for the advancement of its members to help
them secure economic empowerment, self-reliance, and respect.
Through active participation in formal business and governmental
initiatives, FABCOS campaigns for the continual improvement of
South Africa's socio-economic climate for the benefit of its
members. As a means of developing its members to their full
potential FABCOS remains committed to the pursuit of education,
training, transfer of skills and sound administration.
Visit: www.fabcos.org
About Microtelco e-ncubator(TM)
The microtelco e-ncubator(TM) is a business initiative that
offers a variety of programmes and services designed for the new,
young and expanding telecommunications business. Beginning with
your orientation to the e-ncubator(TM), we have designed our
physical environment to provide you with access to a full spectrum
of skills, resources and infrastructure that will make an effective
contribution to the growth of your business and the enhancement of
its image.
Our mission with the training, development and incubation
programme is to stimulate the establishment and growth of small
businesses and to increase the number of successful companies. We
provide physical business facilities, executive development
programmes, technical training, product specific-training business
support services, mentoring and ongoing business monitoring and
evaluation.
Visit: www.microtelcoencubator.com
About Avanti Communications
Avanti connects people wherever they are - in their homes,
businesses, in government and on mobiles. Through the HYLAS
satellite fleet and more than 150 partners in 118 countries, the
network provides ubiquitous internet service to 27 per cent of the
world's population. Avanti delivers the level of quality and
flexibility that the most demanding telecoms customers in the world
seek.
Avanti is the first mover in high throughput satellite data
communications in EMEA. It has rights to orbital slots and Ka-band
spectrum that cover an end market of over 1.5bn people. The Group
has invested $1.2bn in a network that incorporates satellites,
ground stations, datacentres and a fibre ring. Avanti has a unique
Cloud based flexible customer interface that is protected by
patented technology.
The Group has three satellites in orbit and a further two fully
funded satellites under construction. Avanti Communications is
listed in London on AIM (AVN:LSE).
Visit: www.avantiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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