Avanti Communications signals full year revenue up 50%

6th Jul 2015 07:49

Satellite company Avanti Communications said its revenue was up 50% assuming constant currency, on track with trends.The company which provides services to telcos in Europe, the Middle East and Africa said its revenue for the 12 months ended 30 June exceeded $80m.Avanti said trading remained in line with the trends outlined in its third quarter statement, and period end cash was over $120m.Chief executive David Williams said the firm had won significant new contracts in broadband, enterprise and government sectors."Avanti is winning new distribution partners and growing existing relationships in order to access the huge latent demand for connectivity in high growth markets," Williams said.