Edition:
United States

Avanti Communications Group PLC (AVN.L)

AVN.L on London Stock Exchange

7.75GBp
11:07am EDT
Change (% chg)

-0.20 (-2.52%)
Prev Close
7.95
Open
7.90
Day's High
7.90
Day's Low
7.90
Volume
193,215
Avg. Vol
491,675
52-wk High
34.44
52-wk Low
7.25

Latest Key Developments (Source: Significant Developments)

Avanti Communications says CFO Nigel Adrian has re-joined co
Tuesday, 12 Sep 2017 07:29am EDT 

Sept 12 (Reuters) - Avanti Communications Group Plc ::NIGEL ADRIAN DAWSON FOX HAS RE-JOINED BOARD OF AVANTI AS CHIEF FINANCIAL OFFICER WITH EFFECT FROM 11 SEPTEMBER 2017.  Full Article

Avanti Communications's CEO, David Williams steps down
Thursday, 10 Aug 2017 05:00am EDT 

Aug 10 (Reuters) - AVANTI COMMUNICATIONS GROUP PLC ::CEO, DAVID WILLIAMS, IS STEPPING DOWN FROM BOARD AND LEAVING COMPANY.ALAN HARPER, CURRENTLY A BOARD NON-EXECUTIVE DIRECTOR WHO JOINED IN MARCH 2017, WHO WILL ASSUME ROLE OF INTERIM CEO.COMPREHENSIVE SEARCH TO RECRUIT A NEW FULL-TIME CEO WILL COMMENCE IN DUE COURSE.  Full Article

Avanti Communications says revenues for Q4 rose to in excess of $16 million
Tuesday, 4 Jul 2017 02:59am EDT 

July 4 (Reuters) - Avanti Communications Group Plc ::Says revenues for Q4 rose to in excess of $16 million resulting in total sales for year of about $62 million.Says award of a new 3 year contract worth up to $21 million.  Full Article

Avanti says signs 2-yr contract worth $4.5 mln
Monday, 19 Jun 2017 02:00am EDT 

June 19 (Reuters) - Avanti Communications Group Plc ::Signed $4.5 million 2-year contract to deploy capacity from Avanti's hylas fleet to a new customer in mobility market.  Full Article

Avanti Communications says entered $100 mln facility
Friday, 16 Jun 2017 02:00am EDT 

June 16 (Reuters) - Avanti Communications Group Plc ::Announces it entered facility agreement with HPS 1 which will provide a $100 million three-year super senior facility.  Full Article

Avanti Communications says three new non-exec directors joined board
Monday, 30 Jan 2017 03:22am EST 

Avanti Communications Group Plc : Peter Reed, Craig Chobor and Michael Leitner have joined board of Avanti as non-executive directors with effect from Jan. 27, 2017 . Richard Vos, Michael Walker and Charmaine Eggberry have resigned as non-executive directors of company with immediate effect .Nigel Fox has also stepped down from board with effect from Jan. 27, 2017 but will remain in his current role as CFO.  Full Article

Avanti Communications full-year loss narrows
Tuesday, 20 Dec 2016 04:28am EST 

Avanti Communications Group Plc : FY revenue of $82.8m (2015: $85.2m) . FY revenue from capacity, services & equipment up 24 pct to $74.5m (2015: $60.1m) . Loss for year $69.2m (2015: $73.3m) .Conditions for growth have now been demonstrated, with cash flows expected to build as customer growth compounds - CEO.  Full Article

Inmarsat says no intention to make an offer for Avanti
Monday, 1 Aug 2016 02:00am EDT 

Inmarsat Plc : No intention to make an offer for avanti .Confirms it has withdrawn from avanti's announced process and it is not considering an offer for shares of avanti.  Full Article

Avanti Communications says looking at strategic alternatives including possible sale
Monday, 11 Jul 2016 10:42am EDT 

Avanti Communications Group Plc : Board is of view that it should, in parallel to considering an equity raise, conduct a wider strategic review to explore additional opportunities . Board therefore intends to pursue all of these possible alternatives to ensure best outcome for its shareholders . Commencement of a "formal sale process" in accordance with note 2 on rule 2.6 of city code on takeovers and mergers . Group is now considered to be in an "offer period" as defined in code, and dealing disclosure requirements listed below will apply .Additional opportunities including a merger with or offer for group by a third party or a sale of group's businesses.  Full Article

Avanti Communications sees full year revenue at $83 mln
Thursday, 7 Jul 2016 08:45am EDT 

Avanti Communications Group Plc : Confirms that revenue for financial year ended June 30 2016 is expected to be approximately $83 mln . Contract wins in Q4 were over $70 mln showing commercial traction is building . Cash at year end was $57 mln . Company will be discussing an equity issue with potential investors through its advisers . EBITDA is expected to be approximately $8 mln. .Given these challenges, previously guided 50 pct recurring revenue growth target will be reduced for FY 2017 impacting EBITDA.  Full Article

Satellite company Avanti says CEO David William to leave

Aug 10 Satellite group Avanti Communications Group Plc said Chief Executive David Williams is leaving the company.