Avanti sales above targets

The UK-based satellite company said yesterday it has secured more than £11m of capacity sales every month for the past eight months, and so is still on course to sell all the capacity of its HYLAS 1 and HYLAS 2 satellites within three and four years respectively of their service launches. It expects total revenues of £17.8m for the year to the end of June, up from £6.1m last year.