A conventional sonar ring measures the range to objects based on the first echo and is widely used in indoor mobile robots. In contrast, advanced sonar sensing can produce accurate range and bearing (incidence angle) measurements to multiple targets using multiple receivers and multiple echoes per each receiver at the expense of intensive computation. This paper presents an advanced sonar ring that employs a low receiver sample rate to achieve processing of 48 receiver channels at near real time repetition rates of 11.5 Hz. The sonar ring sensing covers 360 degrees around the robot for specular targets for ranges up to six metres, with simultaneously firing of all its 24 transmitters. Digital Signal Processing (DSP) techniques and interference rejection ideas are applied in this sensor to produce a fast and accurate sonar ring. Seven custom designed DSP boards process the receivers sampled at 250 kHz to maximize the speed of processing and to limit memory requirements. This paper presents the new sensor design, the hardware structure, the software architecture, and signal processing of the advanced sonar ring. Repeatability and accuracy of the measurements are tested to characterize the proposed sensor. Due to the low sample rate of 250 kHz, a problem called cycle hopping can occur. The paper presents a solution to cycle hopping and a new transmit coding based on pulse duration to differentiate neighbouring transmitters in the ring. Experimental data show the effectiveness of the designed sensor in indoor environments.