Satellite data communications services provider Avanti Communications signed a long-term bandwidth contract with the Turkish communications satellite operator Turksat.

Under the contract, Turksat would commit to 1.8 ghz of capacity on Hylas 2 for the next three years with an option to extend for a further 12 months.

The contract would commence on 1 June 2019 and revenues would be spread evenly across the life of the contract, the company said.

At 8:47am: (LON:AVN) Avanti Communications Group PLC share price was +0.21p at 2.46p