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Avanti Comm. Share News (AVN)
Share News for Avanti Comm. (AVN)
| Share Price: 255.00 | Bid: 252.25 | Ask: 255.00 | Change: 0.00 (0.00%) |  | ||||||
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Avanti signs 32 mln stg financing deal; confident of meeting mkt hopes for FY
Mon, 16th Jul 2007 07:53
LONDON (Thomson Financial) - Avanti Communications Group PLC said it has signed a facility dea
The company said the debt facility provides sufficient capital to complete the financing of its satellite construction, launch, insurance and operation together with working capital.
Avanti said it enters the new year with a strong pipeline of potential Hylas capacity pre-sales and that the marketing process for Hylas pre-sales began during the second half.
It said it had completed its June year with 'trading in line with market expectations'.
The company also said it has agreed to acquire the rights to use certain new Ka band frequencies in new orbital positions covering the emerging markets.
TFN.newsdesk@thomson.com
tsm/am
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
LONDON (Thomson Financial) - Avanti Communications Group PLC said it has signed a facility dea
l with a syndicate of lenders for 32 mln stg over seven years, which completes the funding for its Hylas project and added it is confident of meeting market expectations for the current year.
The company said the debt facility provides sufficient capital to complete the financing of its satellite construction, launch, insurance and operation together with working capital.
Avanti said it enters the new year with a strong pipeline of potential Hylas capacity pre-sales and that the marketing process for Hylas pre-sales began during the second half.
It said it had completed its June year with 'trading in line with market expectations'.
The company also said it has agreed to acquire the rights to use certain new Ka band frequencies in new orbital positions covering the emerging markets.
TFN.newsdesk@thomson.com
tsm/am
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
STOCKS NEWS EUROPE-UK small caps close up 1 pct, lag blue-chips
UK small caps close up 0.1 percent, outperforming a 0.4 percent gain on the the FTSE AIM All Share Index, while the mid-caps and blue chips both advan[28 May '13]
BRIEF-Avanti Communications reports wider FY loss
LONDON, Oct 10 (Reuters) - Avanti Communications Group PLC: * FY pretax loss 16 million STG * FY revenues and other operating income i[10 Oct '12]
BRIEF-Avanti Comms says Hylas 2 successfully launched
LONDON, Aug 3 (Reuters) - Avanti Communications Group PLC: * Hylas 2 successfully launched and now in orbit ((London Equities Newsroo[3 Aug '12]
BRIEF-RESEARCH ALERT-Jefferies cuts Avanti Communications Group price target
April 3 (Reuters) - Avanti Communications Group PLC: * Jefferies cuts Avanti Communications Group Plc price target to 600P from 1,34[3 Apr '12]
BRIEF-Avanti says to raise 75 mln stg in placing
LONDON, Feb 6 (Reuters) - Avanti Communications Group PLC: * Comms group - placing of 75m to fund proposed hylas 3 satellite * Placing[6 Feb '12]
BRIEF-Avanti sells Hylas capacity for $7.3 million
LONDON, Jan 4 (Reuters) - Avanti Communications Group PLC: * Comms group - contract win * Sale of capacity on hylas 2 to insat gmbh ('[4 Jan '12]
BRIEF-Avanti signs five-year contract with AfriGlobal Communications
LONDON, Dec 13 (Reuters) - Avanti Communications Group PLC: * Comms group - contract win * Contract is valued at $4.65M over five year[13 Dec '11]
BRIEF-Avanti wins 5 mln stg Cornwall broadband funding
LONDON, Dec 6 (Reuters) - Avanti Communications Group PLC: * Contract win * Awarded a contract by the Regional Growth Fund * Awar[6 Dec '11]
