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Avanti Communications Group PLC (AVN.L)

AVN.L on London Stock Exchange

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1 Dec 2016
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Fri, Sep 16 2016

Avanti plans debt issue to tide over liquidity concerns

Sept 16 Satellite group Avanti Communications said on Friday it had begun a process to pay debt due in October by issuing debt that would mature in 2019, in order to address a liquidity crunch.

BRIEF-Avanti Communications sees FY 2017 capex at $110 mln

* Intends to request best and final indicative offers for a potential acquisition or any strategic investment in company

BRIEF-Avanti Communications sees full year revenue at $83 mln

* Confirms that revenue for financial year ended June 30 2016 is expected to be approximately $83 mln

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