In-store media group Avanti Screenmedia has announced results for the year to June 2005, with operating profit doubling to£1.93m from£835,000 in the 15 months to June 2004. Revenues were up from£4.62m to£8.44m. Earlier this month Avanti was granted satellite spectrum by Ofcom and plans to launch its first communications satellite by March 2008, aimed at hosting broadband, broadcast and IPTV services across the UK and Europe. The authorisation gives Avanti capacity to launch 240 high definition channels.
In-store media group Avanti Screenmedia has announced results for the year to June 2005, with operating profit doubling to£1.93m from£835,000 in the 15 months to June 2004. Revenues were up from£4.62m to£8.44m. Earlier this month Avanti was granted satellite spectrum by Ofcom and plans to launch its first communications satellite by March 2008, aimed at hosting broadband, broadcast and IPTV services across the UK and Europe. The authorisation gives Avanti capacity to launch 240 high definition channels.