Avanti Communications has signed what it describes as a “long-term bandwidth contract” with DTH broadcaster Turksat.
The London AIM-traded company said that, under the contract, Turksat would commit to 1.8 GHz of capacity on the ‘Hylas 2’ satellite for the next three years, with an option to extend for a further 12 months. The contract will begin on June 1st with revenues to be spread evenly across the life of the contract.
“We are delighted to have been able to provide this capacity to Turksat which will cover the whole of Turkey,” said Avanti Communications CEO Kyle Whitehill. “This is a significant amount of capacity on Hylas 2, and demonstrates the demand in the regions in which Avanti operates.”
Cenk Şen, CEO at Turksat, added that the firm was “very happy” about its partnership with Avanti. “As Turksat is a global player in satellite market, this agreement will enable each partner to grow their business significantly with providing high quality solutions to different organisations with a seamless connection.”
Avanti’s shares responded positively, rising 25 per cent to 2.68p.