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Avanti Communications Group PLC (AVN.L)

AVN.L on London Stock Exchange

10.62GBp
11:54am EDT
Change (% chg)

0.25 (+2.41%)
Prev Close
10.38
Open
10.50
Day's High
10.75
Day's Low
10.50
Volume
215,179
Avg. Vol
379,472
52-wk High
89.53
52-wk Low
8.38

Latest Key Developments (Source: Significant Developments)

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Inmarsat Plc : No intention to make an offer for avanti .Confirms it has withdrawn from avanti's announced process and it is not considering an offer for shares of avanti.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

TerniEnergia SpA signs deal with Avanti Communications Group PLC in South Africa
Thursday, 17 Dec 2015 07:00pm EST 

TerniEnergia SpA:Signs multi-year deal with Avanti Communications to deploy connectivity across renewable energy plants in South Africa.  Full Article

Avanti Communications Group PLC announces contract win
Tuesday, 3 Nov 2015 02:00am EST 

Avanti Communications Group PLC:Says it has won a contract with Telkom SA to provide national high-speed broadband coverage across South Africa.Says service will be supplied using Avanti's HYLAS 2 Ka-band satellite.  Full Article

Avanti Communications Group PLC sign digital cinema distribution deal
Thursday, 17 Sep 2015 05:30am EDT 

Avanti Communications Group PLC:Has signed a multi-year cinema distribution contract with Motion Picture Solutions (MPS), an international film services company, based in London.Powered by Avanti's HYLAS 1 and HYLAS 2 satellites and delivered through MPS's LANsat technology, the partnership expands MPS's bandwidth available for multicast feature film distribution to its cinema chain customer base.  Full Article

Avanti Communications Group PLC and GRC agree multi-year, multi-region contract
Wednesday, 2 Sep 2015 05:43am EDT 

Avanti Communications Group PLC:Signs multi-year contract with Global RadioData Communications Ltd (GRC), to deliver secure, resilient Ka-band satellite connectivity to a variety of government, defence and emergency service customers.  Full Article

Avanti Communications Group plc announces contract win
Monday, 13 Jul 2015 02:00am EDT 

Avanti Communications Group plc:Says that it has signed new contract with South Africa's business chamber, Foundation for African Business and Consumer Services (FABCOS) and its new major business incubator programme, M icrotelco e-ncubator.Delivered via funding from South Africa's Department of Trade and Industry (DTI), partnership will provide high speed satellite broadband to over 1,000 small and medium sized enterprises.  Full Article

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