Avanti Communications narrows losses as it works towards positive earnings
28th Aug 2019 14:15
(Sharecast News) - Satellite data communications provider Avanti Communications Group reported adjusted revenues of $30.2m (£24.72m) in its first half results on Wednesday, rising from $25.6m year-on-year.
Read moreAvanti Communications launches higher after swinging to profit
10th Jun 2019 12:21
(Sharecast News) - Avanti Communications surged on Monday after swinging to an annual profit as it restructured its debt pile and as the company's order book more than doubled on the back of major contract wins.
Read moreAvanti revenues improve, results delayed
31st May 2019 09:44
(Sharecast News) - Satellite data services provider Avanti Communications saw revenues move ahead in the first quarter of its trading year, keeping the group on target against internal plans.
Read moreAvanti Communications signs long-term bandwidth contract with Turksat
8th Apr 2019 14:46
(Sharecast News) - Satellite data communications provider Avanti Communications has signed a long term bandwidth contract with Turkish communications satellite operator Turksat, it announced on Monday.
Read moreAvanti Comms expects 'strong growth' in bandwidth revenues
30th Nov 2018 09:43
(Sharecast News) - British satellite operator Avanti Communications expects strong growth in bandwidth revenues in the final quarter of its trading year following recently signed contracts.
Read moreAvanti signs master distribution agreement with COMSAT
28th Aug 2018 11:36
(Sharecast News) - British satellite operator Avanti Communications has inked a seven-year master distribution agreement with Washington-based firm COMSAT.
Read moreAvanti Communications completes $242m refinancing
27th Jan 2017 13:39
(ShareCast News) - Avanti Communications Group announced the completion of its previously announced $242m refinancing on Friday, with the settlement of its consent solicitation. The AIM-traded firm said the consent allows the incurrence of up to $132.5m in super senior indebtedness and the payment o
Read moreAvanti receives refinancing consent from bulk of note holders
6th Jan 2017 14:36
(ShareCast News) - Avanti Communications confirmed on Friday that it has received consents from holders of 91.85% of its senior secured notes due in 2019, having previously announced the launch of a consent solicitation, exchange offer and new money offer as part of a larger financial refinancing on
Read moreAvanti offers little explanation as share price surges
5th Aug 2016 15:36
(ShareCast News) - Satellite data communications services company Avanti Communications issued a statement on Friday afternoon, as its share price surged. The AIM-traded firm offered little explanation in its two-line release, however, as its stock shot up more than 35% to 44p. "As announced on 11
Read moreInmarsat shuns bid for debt-laden Avanti
1st Aug 2016 07:28
(ShareCast News) - Inmarsat has passed up the opportunity to make a bid for cash strapped smaller rival Avanti Communications, which put itself up for sale last month. Inmarsat responded to Avanti's advisers when they made contact as part of the AIM company's strategic review and formal sale proc
Read moreAvanti signs capacity deal for HYLAS 4 satellite
11th Mar 2016 10:15
(ShareCast News) - Data communications outfit Avanti said it had signed its first pre-launch contract for capacity on the HYLAS 4 satellite. Avanti said it will supply Bentley Walker, one of its key existing customers, with capacity on HYLAS 4 across Sub-Saharan Africa in a $1m commitment. HYLAS 4
Read moreAvanti Communications posts narrower first half loss
4th Feb 2016 12:27
(ShareCast News) - Avanti Communications, which provides satellite data communications services, said its loss for the half year narrowed. For the six months to the end of December 2015, the loss narrowed to $45.5m (£31m) from $48m, on largely flat revenue of $31m compared with $31.1m in the same pe
Read moreAvanti Communications wins broadband contract with Telkom SA
3rd Nov 2015 09:20
(ShareCast News) - Avanti Communications has won a contract with Telkom SA to provide national high-speed broadband coverage across South Africa. The provider of satellite data communications services said the service will be supplied using Avanti's HYLAS 2 Ka-band satellite, which has 100% coverage
Read moreAvanti Communications' full-year loss narrows as revenue grows
16th Sep 2015 15:27
(ShareCast News) - Avanti Communications posted a slightly narrower pre-tax loss for the year ending 30 June as revenue grew. The company, which provides satellite data communications services, reported a loss of $73.3m, narrower than the $87.7m loss last year, as revenue rose 30% year-on-year to $8
Read moreAvanti wins broadband contract in Spain
9th Jul 2015 16:39
Avanti Communications has been appointed by Quantis to supply a broadcast deployment for the Aragon Government in Spain. As part of the contract, Avanti will deliver high-speed broadband via satellite to Quantis's consumers. The signal will deliver broadcast capabilities for TV and radio channels i
Read more