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Avanti Communications Group
AVN: 0.41 +0.06 ( +17.14 %) delayed: 17:30PM


  • Avanti Communications swings to loss on higher costs
    Wednesday 28 Aug 2019 09:15

    Satellite data communications services company Avanti Communications swung to a loss on higher costs despite reporting a surge in bandwidth revenue. For the six months ended 30 June 2019, the company reported a pre-tax loss of $68.6m compared with a profit of $242.2m a year earlier, while...
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  • Avanti Communications to seek shareholder approval to cancel listing on London Stock Exchange
    Tuesday 20 Aug 2019 10:08

    Avanti Communications Group said that it would seek shareholders approval to cancel its shares on London Stock Exchange as part of an ongoing transformation of the company. The proposed cancellation is part' of the ongoing transformation of the Company as the Directors believe the currently...
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  • Avanti hails successful space launch of communications technology
    Wednesday 07 Aug 2019 13:20

    Satellite data communications services provider Avanti Communications Group said its technology had been successfully launched into orbit this week. The Ariane 5 rocket had launched the company's HYLAS 3 communications payload into its current orbit on Tuesday, from Kourou, French Guiana. HYLAS...
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  • Avanti Communications swings to profit as new strategy takes shape
    Monday 10 Jun 2019 08:03

    Satellite data communications service provider Avanti Communications swung to a profit as its value of its backlog more than doubled on significant contract wins as the company made progress on its new strategy. For 12 months to 31 December 2018, profit before tax was $83.2m compared with a...
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  • Avanti Communications says trading 'on target' against internal plans as revenues rise in Q1
    Friday 31 May 2019 10:07

    Avanti Communications Group reported a rise in revenues in the first quarter, and said trading remained on target against internal plans. Revenue for the quarter was $14.3m, up from $12.8m in the fourth quarter. At the period end, the cash balance was $16.3m and the period end backlog was...
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  • Avanti Communications inks long-term bandwidth contract with Turksat
    Monday 08 Apr 2019 08:47

    Satellite data communications services provider Avanti Communications signed a long-term bandwidth contract with the Turkish communications satellite operator Turksat. Under the contract, Turksat would commit to 1.8 ghz of capacity on Hylas 2 for the next three years with an option to extend for...
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  • Avanti Communications Chairman Paul Walsh to step down
    Friday 14 Dec 2018 07:35

    Avanti Communications Group said Friday current Deputy Chairman Alan Harper would succeed Paul Walsh as Chairman on 30 June 2019 as part of a succession planning process. Paul Walsh had been Chairman of Avanti since 2014. Alan Harper joined the board in March 2017 as non-executive director,...
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  • Avanti Communications touts 'strong' revenue growth amid contract wins
    Friday 30 Nov 2018 07:27

    Satellite data services group Avanti Communications said Friday recent contract wins had bolstered its pipeline, keeping the company on track to deliver strong revenue growth in both the final quarter of the year and in 2019. 'The current activity levels and pipeline gives us confidence that we...
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  • UK stocks open 0.7% higher, led by miners, Bunzl
    Tuesday 28 Aug 2018 09:02

    UK investors returned from a bank holiday to push the local market higher on Tuesday, as the US and Mexico announced a new trade pact and Theresa May said a no-deal Brexit 'wouldn't be the end of the world'. At 0855, the benchmark FTSE 100 index was up 52.79 points, or 0.7%, at 7.630.28. Miners...
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  • Avanti inks distribution agreement with Comsat
    Tuesday 28 Aug 2018 07:49

    UK Satellite operator Avanti Communications announced Tuesday a seven-year master distribution agreement with Washington-based Comsat. Under the agreement, Avanti would gain 'immediate' access to US global governmental and military activity that may otherwise have taken multiple years to gain...
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  • Avanti Communications banks $20m payment from Indonesia government
    Tuesday 14 Aug 2018 13:14

    Avanti Communications Group confirmed that it had received the full $20.1m outstanding payment from Indonesia, related a positive ruling in the London Court of Arbitration. 'We thank the government of Indonesia for its payment of the outstanding sum ... following our earlier support of...
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  • Avanti Communications extends deadline for $20m payment owed by Indonesia
    Tuesday 10 Jul 2018 13:46

    Satellite provider Avanti Communications said a $20m payment due to the company by the government of Indonesia by the end of July had been delayed. The change was due to administrative delays from the London Court of International Arbitration in the release of the award, Avanti said. The...
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  • Avanti Communications inks $10m contract with Viasat
    Monday 25 Jun 2018 09:22

    Avanti Communications said Monday it had signed a $10m contract with global communications company, Viasat, to provide the latter with leased capacity on a steerable beam on the newly launched Avanti HYLAS 4 satellite. The contract has an initial period of two years, Avanti said. 'Avanti's...
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  • Avanti Communications receives $20.075m final award in arbitration proceedings
    Thursday 07 Jun 2018 10:09

    Avanti Communications revealed Thursday the arbitral tribunal, on June 6, ordered the Indonesian government to pay Avanti the total sum of $20.075m. The Indonesian government would have to pay the sum by 31 July 2018. The comes after the company undertook arbitration proceedings against the...
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  • Avanti Communications seeks new funding amid restructure
    Wednesday 30 May 2018 14:28

    Satellite data services provider Avanti Communications Group said it continued to pursue multiple lines of funding, as it recorded an $18.0m operating loss for the nine months through March. Year-to-date revenue amounted to $31.3m. 'The company continues to pursue multiple lines of funding to...
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  • Director Deals - Avanti Communications Group PLC (AVN)
    Monday 30 Apr 2018 09:00

    Nigel Fox, Financial Director, bought 20,000 shares in the company on the 26th April 2018 at a price of 11.23p. The Director now holds 154,850 shares. NOTE: Open Offer Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Avanti Communications Group PLC (AVN)
    Monday 30 Apr 2018 09:00

    Paul Johnson, Non Executive Director, bought 2,381 shares in the company on the 26th April 2018 at a price of 11.23p. The Director now holds 12,381 shares. NOTE: Open Offer Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Avanti Communications Group PLC (AVN)
    Monday 30 Apr 2018 09:00

    Andy Green, Non Executive Director, bought 5,211 shares in the company on the 26th April 2018 at a price of 11.23p. The Director now holds 27,099 shares. NOTE: Open Offer Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Avanti Communications Group PLC (AVN)
    Monday 30 Apr 2018 09:00

    David Bestwick, Executive Director, bought 8,991 shares in the company on the 26th April 2018 at a price of 11.23p. The Director now holds 1,310,945 shares. NOTE: Open Offer Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Director Deals - Avanti Communications Group PLC (AVN)
    Monday 30 Apr 2018 09:00

    Paul Walsh, Chairman, bought 54,762 shares in the company on the 26th April 2018 at a price of 11.23p. The Director now holds 284,762 shares. NOTE: Open Offer Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
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  • Avanti announces successful launch of HYLAS 4
    Friday 06 Apr 2018 08:15

    Avanti Communications Group, a satellite operator, said Friday its HYLAS 4 satellite was launched successfully from Kourou on Thursday April 5. The Ariane 5 rocket launched HYLAS 4 into the correct orbit on schedule, Avanti said. David Bestwick, Chief Technology Officer of Avanti...
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  • Avanti Communications appoints Kyle Whitehill as CEO
    Friday 02 Feb 2018 09:03

    Avanti Communications Group announced Friday that Kyle Whitehill will join the board as Chief Executive Officer from April 3. Paul Walsh, Chairman, said: 'We welcome Kyle, who has the right skills and experience to drive and deliver Avanti's refreshed growth strategy.' 'His significant...
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  • Avanti Communications posts first quarter Ebitda loss
    Tuesday 30 Jan 2018 14:00

    Satellite operator Avanti Communications Group said it posted a loss in the first quarter Revenue for the quarter through September 30 was $9.7m, while the Ebitda loss stood at $3.8m. The period end cash balance was $90.0m and the period end backlog was $95.2m, Avanti said. At 2:00pm:...
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  • Avanti reports slump in full year revenue
    Wednesday 27 Dec 2017 14:11

    Satellite data communication services group Avanti Communications has reported $56.6m full year revenue, down from $82.8m a year earlier. It recorded a $203.7m operating loss which is significantly worse than the $40m operating loss in 2016. Trading in the first half of the year was slower than...
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  • All resolutions passed at AGM of Avanti
    Wednesday 13 Dec 2017 13:38

    Avanti Communications Group has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:38pm: (LON:AVN) Avanti Communications Group PLC share price was +0.88p at 7.25p Story provided by StockMarketWire.com
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  • Avanti plans debt for equity swap
    Wednesday 13 Dec 2017 07:52

    Avanti Communications Group has agreed a proposed restructuring of its indebtedness with holders of approximately 62% of its outstanding 2021 notes and 55% of its outstanding 2023 notes and major shareholders representing 34% of its existing issued share capital. In order to substantially reduce...
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  • Avanti schedules AGM
    Monday 20 Nov 2017 13:17

    Avanti Communications Group has confirmed that it intends to hold its Annual General Meeting on 13 December. At 1:17pm: (LON:AVN) Avanti Communications Group PLC share price was +0.25p at 6.75p Story provided by StockMarketWire.com
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  • Fox re-joins board of Avanti as CFO
    Tuesday 12 Sep 2017 13:27

    Avanti Communications Group has confirmed that Nigel Adrian Dawson Fox has re-joined the Board as Chief Financial Officer with effect from 11 September. At 1:27pm: (LON:AVN) Avanti Communications Group PLC share price was +0.15p at 8.15p Story provided by StockMarketWire.com
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  • Avanti agrees launch slot for HYLAS 4
    Monday 21 Aug 2017 07:29

    Avanti has agreed a launch slot for its HYLAS 4 satellite with Arianespace beginning 1 March 2018. Avanti said the intended launch configuration for this slot would enable additional fuel to be embarked upon HYLAS 4 enabling it to reach geostationary orbit approximately 90 days earlier than...
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  • FLASH: Avanti update on HYLAS 4 launch
    Monday 21 Aug 2017 07:06

    Story provided by StockMarketWire.com
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  • Avanti CEO steps down
    Thursday 10 Aug 2017 14:27

    Avanti Communications Group has announced that CEO, David Williams, is stepping down from the board and leaving the Company. His immediate replacement will be Alan Harper, currently a board non-executive director who joined in March 2017, who will assume the role of interim CEO. A comprehensive...
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  • Avanti closes $100m super senior facility
    Tuesday 04 Jul 2017 09:38

    Avanti Communications has closed a new $100m three-year super senior facility, which was announced on 16 June. The company said it had drawn the full $100m under the facility and would use the proceeds to replace an existing undrawn higher cost $50m debt facility and complete the construction...
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  • Avanti clinches deal worth up to $21m
    Tuesday 04 Jul 2017 08:07

    Satellite data communications services provider Avanti has won a new three- year contract worth up to $21m to deploy several hundred services to government sites across Africa with an existing government customer. It said this, in addition to recent announcements of Mobility, 5G and broadband...
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  • Avanti leads consortium to integrate satcom in 5G networks
    Thursday 29 Jun 2017 08:13

    Satellite data communications services provider Avanti Communications has announced the signature of the Satellite and Terrestrial Network for 5G (SaT5G) project. The project will research, develop and validate key technologies required to enable the plug-and-play integration of satellite...
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  • FLASH: Avanti wins new contract
    Thursday 29 Jun 2017 07:14

    Story provided by StockMarketWire.com
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  • Avanti clinches contract worth up to £1.2m
    Thursday 22 Jun 2017 09:17

    Satellite communications provider Avanti has won a contract worth up to £1.2m from the European Regional Development Fund to support the deployment of 40Mbps broadband services to rural businesses across Cornwall and Isles of Scilly. Avanti said services would be available through its...
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  • Avanti wins new contract worth $4.5m
    Monday 19 Jun 2017 07:23

    Avanti Communications - a leading provider of satellite data communications services in Europe, the Middle East and Africa - has signed a $4.5m two-year contract to deploy capacity from its HYLAS fleet to a new customer in the mobility market. The name of the company acquiring the capacity is...
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  • FLASH: Avanti wins new contract worth $4.5m
    Monday 19 Jun 2017 07:03

    Story provided by StockMarketWire.com
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  • Amazon's acquisition of Whole Foods sends shockwaves through retail sector
    Friday 16 Jun 2017 16:54

    Domestic and overseas retailers were left stunned after online retailer Amazon announced it would buy American supermarket chain Whole Foods for $13.7bn. UK supermarkets Tesco (TSCO) and Sainsbury's (SBRY) slumped by 4.9% and 2.2% to 171.1p and 256.5p. Marks & Spencer (MKS) also declined by...
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  • Tesco exceeds expectations as Shell and BP rally
    Friday 16 Jun 2017 11:59

    Shell (RDSB) and BP (BP.) enjoyed a rally thanks to stronger oil prices, which helped to boost the FTSE 100 by 0.7% to 7,469 around midday. Brent crude oil rose 1% to $47.38 per barrel. Gold glittered at $1,254 per ounce and copper declined 0.3% to $5,643 per tonne. Shell gained 1.2% to £21.53...
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  • FTSE higher as investors like house builders, retail
    Friday 16 Jun 2017 08:57

    Stocks in London opened on a positive note and despite sterling making minor gains on both the dollar and euro. Investors saw buying opportunities in the shares of house builders and retail. So far it was Informa (INF), up 1.5% to 692.75p, and Coca-Cola (CCH), up 1.45% to 2336.5p, leading the...
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  • Avanti agrees $100m super senior facility
    Friday 16 Jun 2017 08:03

    Avanti Communications has entered into an agreement with HPS for a $100m three-year super senior facility. Avanti said proceeds from the super senior facility replace an existing undrawn higher cost $50m debt facility and provided $50m additional new liquidity. It said this would be used to...
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  • FLASH: Avanti agrees $100m super senior facility
    Friday 16 Jun 2017 07:07

    Story provided by StockMarketWire.com
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  • Avanti recovering from H1 disruption
    Wednesday 31 May 2017 09:57

    Satellite operator Avanti Communications Group has warned it would not see significant like-for-like growth in recurring revenues until the next financial year. The group's trading update for the nine months to the end of March said the business was recovering from the disruption of the first...
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  • Avanti wins contract with Numerisat
    Friday 31 Mar 2017 07:54

    Avanti Communications has won a contract with French satellite service provider Numerisat to bring 30Mbps broadband speeds to ski resorts and chalets, as well as the renowned skiing event La Grande Odyssee. Chief executive David Williams said: "We are pleased to work with Numerisat in delivering...
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  • FLASH: Avanti wins contract with Numerisat
    Friday 31 Mar 2017 07:13

    Story provided by StockMarketWire.com
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  • Avanti wins Kenya schools contract
    Wednesday 22 Mar 2017 09:25

    Avanti Communications and iSAT Africa have announced a new contract to provide 500 schools across Kenya with satellite broadband connectivity. Under the two-year contract iSAT will connect schools through Avanti's HYLAS 2 Ka-band satellite, as well as providing Pay As You Go (PAYG) services to...
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  • FLASH: Avanti wins Kenya schools contract
    Wednesday 22 Mar 2017 07:05

    Story provided by StockMarketWire.com
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  • Avanti strengthens its board
    Monday 20 Mar 2017 09:37

    Avanti Communications has announced that Alan Paul Harper has joined the board as a non-executive director. Harper is chairman of Azuri Technologies and Gigabit Fibre, a non-executive director at MTN, and a leading figure in the mobile network industry for both the UK and Africa. He...
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  • FLASH: Avanti losses widen
    Tuesday 28 Feb 2017 07:11

    Story provided by StockMarketWire.com
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