Avanti Communications signs multi-million dollar contract
2nd May 2014 08:56
Broadband services group Avanti Communications has signed a multi-million dollar contract extension with Avonline broadband to target European consumers with new satellite broadband. The UK-based satellite group said the new deal will provide a series of tailored broadband solutions to customers ac
Read moreAvanti Communications wins Turkish telecom contract
3rd Apr 2014 08:20
Avanti Communications has won a contract with Turkish telecom operator ESER Telekom to deliver its satellite broadband coverage in the Middle East. ESER, based in Ankara, will deliver broadband packages using Ka-band technology to consumer and enterprise customers currently out of range of terrestr
Read moreSector movers: Vodafone cash return lifts mobile telecoms higher
21st Feb 2014 15:18
Speculation surrounding the cash windfall for Vodafone shareholders gave the mobile telecoms sector a boost on Friday, as the firm's sale of its stake in Verizon Wireless will prompt the largest capital return in corporate history. According to analysts at Bank of America Merrill Lynch, the transac
Read moreAvanti Communications wins three-year 3G deal with Vodafone
19th Feb 2014 07:16
Telecoms services and satellite group Avanti Communications has won a three-year contract with Vodafone. Avanti, which has a market capitalisation of around £230m, said on Wednesday that it has signed an agreement to supply 3G IP backhaul services in Europe to the telecoms heavyweight. David Willi
Read moreSector movers: Vodafone sinks mobile telecoms as AT&T rules out bid
27th Jan 2014 15:30
The news that AT&T has ruled out a takeover bid for Vodafone sparked a big drop in the UK group's share price on Monday, sending the mobile telecommunications sector to the bottom of the pile. At the request of the UK Takeover Panel, US telecoms giant AT&T released a statement quashing recent media
Read moreAvanti Communications takes over ownership of satellite
16th Dec 2013 10:29
Avanti Communications has signed a contract with the European Space Agency (ESA) to take over ownership of the ARTEMIS satellite. The company will assume ownership from January 1st 2014 of the satellite, which offers communication services and will provide coverage of Europe, Africa and the Middle
Read moreSector movers: Inmarsat, Vodafone lift mobile telecoms higher
9th Dec 2013 13:50
Mobile telecommunications stocks were on the rise on Monday as the share price of satellite operator Inmarsat jumped after the successful launch of its first Global Xpress (GX) satellite. The company confirmed that the Inmarsat-5 F1 satellite, which was launched from the Baikonur Cosmodrome in Kaza
Read morePZ Cussons Chairman raises stake above 54,000
30th Sep 2013 16:34
The Chairman of consumer products company PZ Cussons has acquired just over 3,000 shares, increasing his stake above 54,000. Richard Harvey purchased the shares at 411p a piece for a total spend of £12,371, just a few days after the company said its results for the last quarter were in line with ex
Read moreVedanta Deputy Executive Chairman trades in 50,000 shares
20th Sep 2013 08:22
Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m. The director sold the stock at 1,174p a time, earning himself £587,000. This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tint
Read moreSoon-to-retire Informa CEO sells up
11th Sep 2013 16:26
Informa's out-going Chief Executive, Peter Rigby, has reduced his stake by 285,372 shares ahead of his retirement from the B2B business information and publishing group later this year. The shares were sold at 532.42p each, pocketing the director £1.5m. Rigby announced his plans for retirement on
Read moreSainsbury Group Development Director adds 6,000 shares to stake
10th Sep 2013 16:27
Luke Jensen, the Group Development Director of Sainsbury, purchased 5,944 shares for him and his wife. The transaction was split into 2,971 shares for himself, bought at 3,974p a time, and 2,973 shares for his wife, bought at 3,972p. Jensen, who joined Sainsbury and the operating board in June 2
Read moreAvanti Comms upbeat about backlog after in-line annual results
10th Sep 2013 07:13
Annual results from satellite operator Avanti Communications met recently-downgraded estimates on Tuesday morning, with shares rising strongly after the firm gave an upbeat outlook and said it turned cashflow positive before the end of the financial year. Revenues increased 65% year-on-year from £1
Read moreSector movers: Telecoms jump as Vodafone-Verizon talks resume
29th Aug 2013 15:46
Telecoms were the best performers of the day on Thursday as a surge in the price of sector giant Vodafone provided a boost. Vodafone, one of the largest listed companies in London, saw shares rise 8.5% to 205.3p before the close of trade after confirming that it is back in talks with partner Verizo
Read moreHighland Gold Chairman spends big after recent share-price weakness
11th Jul 2013 16:27
The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric
Read moreAvanti execs top up stakes after profit warning
10th Jul 2013 16:38
Two executives at AIM-listed satellite operator Avanti Communications took advantage of a plummeting share price on Wednesday to raise their stakes in the company. The move came after the firm warned that annual revenues would be below market consensus forecasts due to the timing of certain contrac
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