Additional capacity supports 100% universal broadband provision in Zimbabwe •Avanti’s Ka-band service being scaled to meet ever-increasing demand levels for satellite connectivity across TelOne’s national customer base Avanti Communications today announced that TelOne, the Zimbabwean national telco, has signed an immediate extension to its major connectivity contract. 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. For more see http://www.avantiplc.com/news-media/pressreleases
Time to buy
William, yes, I think it's a good time to buy, and if I had more available cash I would certainly top up. In fact, if the SP stays low, I will top up as and when I am able. The more I know of this company, the more excited I am about the prospects for the S.P. But in my view, the real excitement will come in 2017, when Hylas 3 and Hylas 4 will be operational. Remember that Hylas 4 will double the capacity of the other 3 Hylas satellites! The fact that Avanti has just won the Queens Award for Enterprise is another indicator that we are invested in a sucessful business going forward. As a fledgling business myself ( I set up a publishing business specialising in creating greetings cards, postcards and calendars) I know that it takes time to build a client base and that during this time, the business spends far more than it earns. Then fact that AVANTI has been burning cash, does not frighten therefore, as I am confident that the company will move into profit and that eventually profits will be substantial. When this happens and when Avanti is listed on the main market, the SP should imitate the vehicles that launch its satellites, i.e. ROCKET!!!!!'
Time to buy?
Does anyone think the only way is up for avanti now,escpecially as the share price is hovering above what the private investors (2.10p) paid for there slice? After all,according to the last results theres scope for big growth from here on in,i was expecting the share price to take off at the latest results but it seems the extra shares have diluted the market.
Queen’s Award for Enterprise ..
21 April, 2015 Leading satellite operator awarded UK’s highest accolade for International Trade Avanti Communications has been awarded The Queen’s Award for Enterprise, the UK’s highest accolade for business success, in recognition of outstanding achievement in delivering growth in exports. David Williams, Chief Executive at Avanti Communications commented: “This award is a great honour for Avanti, its partners and its people. It recognises Avanti as a British pioneer in international telecommunications. Our innovations are bringing fast, affordable internet connectivity to high growth markets across Europe, the Middle East and Africa and in so doing are positively changing the lives of many thousands of people.” Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 partners in 118 countries, the network provides ubiquitous internet service to 27 per cent of the World’s population. Avanti employs 200 people, 73 of whom are multi-lingual from 32 different countries speaking a total of 27 languages.
Maybe just an optimistic memory then. It's easy to see how takeover rumors start. However as you say they do appear to have been competing for the same assets. ATB
18 Apr '15
RE: Re Re Charlie Ergen
Mast Capital indeed not Charlie Ergen it seems, can't find back where i got that from. Anyhow plenty of articles around Lightsquared where Ergen and Mast Capital were competing for the same assets.. also seeing other articles where Mast Capital acuired assets from TimeWarner. What matters is that they seem to be serious and successful people... as for why Caledonia cut its holding in half? Trying to find out why - they were a day 1 investor so should be sitting on a profit now. Also, if you look at their website there have been a lot of postings of reductions in holdings in their portfolio companies... maybe they are changing their strategy? maybe they are getting redemptions and need to reduce investments? Just guessing, any input much appreciated...
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