UK-based Ka-band satellite operator Avanti Communications won a 3-year contract from capacity re-seller Bentley Walker worth at least $1.1 million. The capacity will be used to serve Bentley Walker clients in Iraq. The news comes 24-hours after another contract win for Avanti in the shape of bandwidth for AfriGlobal, worth $4.65 million spread over 5 years.

The deal helped drive Avanti’s share price further forward, up 2.8 per cent on the day to 292.25p. There was further improvement on the morning of December 14th when the shares rose 17.75p to 302p. However, good as this movement is the current price is still well down on Avanti’s 12-month high of 712p.

The Bentley Walker contract covers capacity on Avanti’s second craft, Hylas-2, which will launch in Q2/2012.

Other posts by :

1. Bank ups Rocket Lab value
2. Eutelsat “racing” to find extra cash
3. Starlink causes problems for United Airlines
4. Hanwha dumps Eutelsat OneWeb
5. Bank: “FCC fires shot across the bows at EchoStar”
6. IRIS2 is “dead in the water”
7. How will Musk square the Indian subscriber circle?
8. Tensions in South Africa over Starlink approval
9. Starship #9 authorised for launch

Categories: Articles, Business, DTH/Satellite