Key Developments: Avanti Communications Group PLC (AVN.L)

AVN.L on London Stock Exchange

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24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Avanti Communications Group Plc signs contract extension with Avanti Communications
Thursday, 23 Apr 2015 04:37am EDT 

Avanti Communications Group Plc:Has signed an immediate extension to its major connectivity contract.Says TelOne will use up-weighted capacity from Avanti`s HYLAS 2 satellite to meet huge demand for satellite broadband services among its consumer, enterprise and public sector customer base.TelOne`s popular Ka-band satellite broadband offering has already been deployed across enterprise sector in verticals such as mining.And to public sector programmes such as national parks, schools, clinics and hospitals and directly to consumers and businesses of all sizes.As an example of scale, provider has signed over 300 schools for high speed broadband connectivity to date.  Full Article

Avanti Comms Group announces capital raising
Thursday, 5 Feb 2015 02:00am EST 

Avanti Communications Group Plc:Announces a capital raising subject to shareholder approval by way of the issue of 28,866,720 New Ordinary Shares with new and existing institutional investors at 210p per New Ordinary Share to raise about 60.2m pound (net of expenses).  Full Article

Avanti Communications Group Plc announces contract win
Friday, 12 Sep 2014 02:00am EDT 

Avanti Communications Group Plc:Announced new contract with Orange Telkom Kenya, the national telecommunications operator of Kenya with over 2.8 mln customers.Orange Telkom Kenya will use Avanti's products to provide high speed data communications services to variety of government and enterprise customers throughout Kenya.  Full Article

Avanti Communications Group Plc completes contracts for HYLAS 4
Monday, 11 Aug 2014 02:00am EDT 

Avanti Communications Group Plc:Completes contracts to purchase and launch the HYLAS 4 satellite.Satellite will be built by Orbital Science Corporation, who built HYLAS 2 spacecraft, which is currently outperforming its technical specification.Satellite will deliver up to 28GHz of capacity in 66 fixed beams positioned over Africa and Europe.Some capacity provides growth for existing markets, some provides brand new coverage and we retain the flexibility to move capacity between different markets.Satellite will also have four steerable beams which could serve markets in Latin America or Africa.System represents a continuation of Avanti's strategy to prioritise Quality and Flexibility, and to ensure that customers receive World beating services at low prices.Satellite is scheduled for Launch in three month period ending April 2017, It will be launched by Arianespace, the World's most reliable launch agency, with whom Avanti.  Full Article

Avanti Communications Group Plc announces contract win
Tuesday, 5 Aug 2014 02:00am EDT 

Avanti Communications Group Plc:Announces new multi year contract with African service provider, iSAT, a subsidiary of the Wananchi Group, East Africa's home entertainment operator.Says iSAT will deliver satellite broadband services across Kenya and Tanzania through various partners, resellers & distributors.  Full Article

Avanti Communications Group Plc gives FY 2014 outlook
Friday, 18 Jul 2014 02:00am EDT 

Avanti Communications Group Plc:Expects FY 2014 revenues to be in line with market expectations in the range of $64-$65 mln.Expects FY 2014 PBT will be lower than consensus with about half of the variance resulting from bond refinancing costs of $7 mln and the balance attributed to exchange rate changes, year end provisioning and set up costs on large new projects.  Full Article

ESER Telekom partners with Avanti Communications Group Plc for government contract
Monday, 7 Jul 2014 02:00am EDT 

Avanti Communications Group Plc:Turkish telco ESER Telekom has signed an additional capacity contract with Avanti Communications.For delivery of government contract in Middle East.ESER will deploy Ka-band services in Middle East for an international connectivity programme.  Full Article

Avanti Communications Group Plc announces contract win
Friday, 4 Jul 2014 02:00am EDT 

Avanti Communications Group Plc:Significant contract win with European telco, StarDSL AG. The multi-million dollar, multi-year contract will bring StarDSL AG's service to over twenty countries across Europe and Middle East.Using Avanti's HYLAS 1 and HYLAS 2 satellites, StarDSL AG will deliver satellite broadband services to range of consumer and enterprise markets.  Full Article

Avanti Communications Group Plc announces successful placing of senior secured notes due 2019
Friday, 13 Jun 2014 10:00am EDT 

Avanti Communications Group Plc:Says it has successfully placed $150 mln in Senior Secured Notes due 2019 under our current indenture (Notes) resulting in proceeds to Avanti of $157.5 mln.Issue is an addition and amendment to the existing bond and was issued at Premium of 105 pct to Sept. 2013 issue price resulting in Yield to Maturity of 8.575 pct.Proceeds of offering will be used to commence the HYLAS 4 project.This new satellite will launch in 2017 to serve new markets in Africa, and also to provide expansion capacity for existing customers in areas of Europe and Africa covered by HYLAS 1 & 2.  Full Article

Avanti Communications Group Plc announces placing of senior secured notes
Friday, 13 Jun 2014 02:00am EDT 

Avanti Communications Group Plc:Says it has successfully placed $150 mln in senior secured notes due 2019 under current indenture resulting in proceeds to Avanti of $157.5 mln.Proceeds of the offering will be used to commence the HYLAS 4 project.Jefferies acted as Sole Book Runner for the issue of the notes.  Full Article

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