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 l
Read moreAvanti Communications wins contract with South Africa telecoms operator
9th Jun 2015 08:07
Satellite communication services provider Avanti Communication Group has been awarded a multi-year contract with South Africa state-owned telecoms operator SENTECH. The London-listed company did not reveal any financial details of the contract, although it said the deal will see it provide satellite
Read moreAvanti Communications lands deal with Tanzania's national telecoms operator
1st Jun 2015 15:37
Avanti Communications has signed a new deal with TTCL, the national telecoms operator of Tanzania. The contact will expand TTCL's broadband network to customers who are outside of the fibre infrastructure via Avanti's HYLAS 2 satellite, which gives complete coverage of the country. The agreement wi
Read moreAvanti reports increase in revenue as trading remains strong
12th May 2015 10:36
Satellite data communication provider Avanti Communications Group said it was trading in line with annual expectations. On Tuesday, the London-listed company said its revenue grew 26% year-on-year in the nine months to 31 March, while continuing business revenue increased 54.5% at constant currency
Read moreAvanti interim pre-tax loss widens, as firm raises satellite equity funds
5th Feb 2015 11:01
Satellite communication services Avanti Communications said it had raised £60.6m by issuing new shares as part of a financing process to fund the construction and launch of the HYLAS 4 satellite. The company said the money it has raised, along with its ability to issue up to $125m under its existing
Read moreSector movers: BT and Dixons Carphone drag telecoms lower
8th Aug 2014 16:37
Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red. BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over who
Read moreMonday broker round-up UPDATE
21st Jul 2014 09:29
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation. Avanti Communications Group: Jefferies reduces target price from 580p to 250p and downgrades to hold. Dialight: Canaccord Genuity raises target price from 1000p to 1100p and retains a buy rec
Read moreAvanti Comms directors increase company holdings
7th Jul 2014 16:29
Satellite operator Avanti Communications on Monday reported that David Bestwick, its Chief Technology Officer, and Nigel Fox, its Chief Financial Officer, had both increased their holdings in the group. The largest of the purchases was made by Bestwick, who bought 4,000 shares at 250.03p each on F
Read moreAvanti Comms selected for government contract in Middle East
7th Jul 2014 08:47
Satellite group Avanti Communications has been selected by ESER Telekom, a Turkish telecoms firm, for the delivery of a government contract in the Middle East. Under the agreement, ESER will deploy Ka-band services in the Middle East for an international connectivity programme. "This win further
Read moreAvanti Communications secures another multi-million dollar contract
4th Jul 2014 08:14
Broadband services group Avanti Communications has secured a multi-million dollar contract for its HYLAS 1 and HYLAS 2 satellites with StarDSL AG, which is expected to deliver a "multi-region rollout". Using Avanti's services the multi-year contract will bring StarDSL AG's service to over twenty c
Read moreAvanti Communications wins contract with East African mobile operator
29th May 2014 08:28
Broadband services group Avanti Communications has been appointed by East African mobile operator Smart to deliver its IP backhaul services. The UK-based satellite firm will deliver the backhaul services to Burundi, Tanzania and Uganda. Owned by the Aga Khan Fund for Economic Development, Smart's s
Read moreAvanti Communications wins contract with Syntelix
20th May 2014 07:50
Broadband services group Avanti Communications has entered into an agreement with telecoms group Syntelix for a series of public and private connectivity programmes in Spain. The group will begin its partnership with the delivery of a project for a government department at 96 remote locations acros
Read morePremier Foods Senior Independent Director adds 200,000 to stake
16th May 2014 16:10
Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500. Last month the company reported lower sales of its
Read moreSector movers: Vodafone, TalkTalk, Carphone Warehouse drag telecoms lower
15th May 2014 15:20
Telecoms were trading with steep losses on Thursday with heavyweights Vodafone, TalkTalk and Carphone Warehouse pulling the sector lower. Vodafone's shares were under pressure, trading 3.2% lower, after Goldman Sachs cut its recommendation for the stock from 'buy' to 'neutral' and reduced its targe
Read moreAvanti Communications partners with DFID in new education programme
13th May 2014 07:46
Broadband services group Avanti Communications has entered into an agreement with the Department for International Development (DFID) to provide a new education programme to Kenyan schools. The group will be powering DFID's programme to educate pupils in Kenya with its HYLAS 2 satellite, which prov
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