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This is good news, in that it raises the profile of AVN which might in turn lead to more business. But........... Will this help the current situation? As is often the case with these RNS's it isn't clear how this will financially affect the company. It appears to me to be an 8.3M Euro contract award for a project (SaT5G?) in which AVN will be one of 16 partners. So what is their bung in all this? They will be project managers, so will they just be billing man hours? One good aspect is that the project definition appears to be couched in academic terms and the UoS are involved so it's likely to overrun. They wouldn't award this to AVN if they thought they were likely to go pop. Let's just hope the contract allows for "extras" if it does overrun. Just my opinion and I don't know much about it.
As i said before, we are going in the right direction but the pace of progress is too slow. Time is definitely not on our side with this company.
I thought with that RNS, the SP should be higher than this
Hardly sounds like a company in trouble. I suspect it's one of the reasons we're able to hold our pricing and get contracts we WANT with government organisations rather than sell at give-away prices...... “Avanti already leads the world in mission critical 4G satellite backhaul through its $29m contract with EE for the Emergency Services Network. We are proud to be leading the SaT5G project, with great players in the industry, to ensure the integration of satellite communications effectively into the future 5G architecture. Satellite communication systems will support the ubiquity, resilience and efficiency of 5G services; and open markets by offering exciting new business opportunities in media distribution, transport and underserved areas.
Avanti Communications leads SaT5G consortium to integrate satcom in 5G networks The award of a €8.3million Horizon 2020 5G Research & Innovation contract to integrate satcom as an intrinsic part of 5G networks and testbed demonstrations across Europe. Avanti Communications Group plc, a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA), in its position of project coordinator for the consortium, announces the signature of the Satellite and Terrestrial Network for 5G (SaT5G) project. The project will research, develop and validate key technologies required to enable the plug-and-play integration of satellite communications into 5G networks. The project will trial and assess these through live testbed demonstrations across Europe. The SaT5G consortium consists of 16 partners including Thales Alenia Space France, University of Surrey, SES, Airbus Defence and Space, OneAccess, TNO (Nederlandse Organisatie Voor Toegepast Natuurwetenschappelijk Onderzoek), British Telecommunications, Zodiac Inflight Innovations, Broadpeak, VT iDirect, imec , i2CAT Foundation, University of Oulu and Quortus. The project will also see participation from Mobile Network Operators (MNOs), SMEs and research centres with expertise in cellular network operation, architecture design, network management, business modelling, security, content multicast and caching. The 30-month project is starting in June 2017 and is funded by the European Commission under the 5G PPP Phase 2 of the Horizon 2020 programme for Research & Innovation. The goal of the project is to deliver the seamless, and economically viable, integration of satellite into 5G networks to ensure ubiquitous 5G access everywhere. The project has identified a range of primary research areas to address the integration of satellite into 5G networks, which include, extending 5G security to satellite and multicast for content distribution. Each research area will deliver outputs and benefits in relation to 5G ecosystem stakeholders. Live demonstrations and validations will take place at the testbeds for the project which are located in the UK, Germany and Finland. The project will also drive standardisation, mainly in 3GPP and ETSI, contributing to the definition of the 5G system and integration of satellite communications. David Williams, Chief Executive of Avanti, said: “Avanti already leads the world in mission critical 4G satellite backhaul through its $29m contract with EE for the Emergency Services Network. We are proud to be leading the SaT5G project, with great players in the industry, to ensure the integration of satellite communications effectively into the future 5G architecture. Satellite communication systems will support the ubiquity, resilience and efficiency of 5G services; and open markets by offering exciting new business opportunities in media distribution, transport and underserved areas. 5G is the future and we are ple
Another good contract win
Agreed Romaron, that's hardly something we didn't know already. Don't expect the Trolls to agree though !
I haven't, and why on earth would I? Due warning, I'm reporting that post as malicious. Don't make accusations for which you have no proof.
To be fair this is not AVN's fault, at least it's not directly attributable to them. However it does point out some of the banana skins of this high tech business and how you need funding to cover such things. I wonder if they have insurance for this. This news also points out that Germany and Canada have satellite industries. I wonder why the British satellite industry isn't involved.................... perhaps it was sold to to the Germans and Canadians........... or even worse perhaps there were some joint ventures. :-(
Don't know if people have seen these before, but I thought it might be of interest to post the submission docs from both Viasat and Eutelsat into Ofcom's recent consultation on fulfilling the USO (Ofcom conclusion published Dec 16). Here they are:- https://www.ofcom.org.uk/__data/assets/pdf_file/0025/51478/eutelsat.pdf https://www.ofcom.org.uk/__data/assets/pdf_file/0020/51761/viasat.pdf https://www.ofcom.org.uk/__data/assets/pdf_file/0020/76403/viasat_supporting_slide_pack.pdf Obviously Eutelsat & Viasat are referring to the same assets/capabilities. If credible, this would seem to be the step change in technology that satellite-delivered broadband is so desperately in need of. 2020 is the currently estimated go-live date, but (as AVN shareholders know) such dates can slip. Even so, the window for many existing technology satellites - whether in orbit or yet to be launched - to be successfully sweated as assets would seem to be shrinking, IMO.
Romaron- In April, it slipped from late '17 to early '18. This slippage is to mid-18, ie a year from now. For me, that signals a new delay, not old news.
closettrader - regarding your last question, loan holders are in a difficult position, do they pull the plug now and then sell the assets hoping to get back some of their money, but having to make some form of loss, or do they actually double down by lending more, in the hope that the Company trades itself out of trouble and pays everything back. Just because they are lending more, doesn't necessarily mean they know the Company will survive or prosper. I agree they have more information than we do, but they can't tell the future any better.
The only thing that's in orbit is the debt. astro frigging nomical. Do avn have money for sat? Do avn have money for launch? Can't wait look forward to it, sometime this year. Elon musk will help you out just use cell towers like everybody else does much cheaper.
This was reported in March concerning Hylas 3: "Avanti said ESA is hoping for “a late-2017 launch, which could slip further. We are disappointed in the manufacturer of this system.” Airbus said recently that the launch could be in late 2017 but may not occur before early 2018. Hylas 4 which is larger has been scheduled for launch before Hylas3 and has been for some time. It's not fake news but it is OLD news. Only in the bulletin board world do things go exactly to plan.
From reading the Annual Reports over the last 3 years it would seem that there have been anticipated delay problems with HYLAS 3 and that it may have been expected to launch after HYLAS 4, eg 2014/15 Annual Results states: 'Construction of our HYLAS 4 satellite began at the beginning of the financial year and the launch remains on-track for early 2017, with HYLAS 3 scheduled to launch in the same year. HYLAS 4 will complete our planned coverage of EMEA.' In the latest $100m Loan Facility RNS Paul Walsh, Chairman of the Company, said "This transaction is a positive step for the Company to lower its cost of capital with a prominent global investor and provide additional headroom in a crucial period with the launch of HYLAS 4 pending and customer demand for our products recovering." So it seems the loan is primarily for HYLAS 4. Furthermore, although the debts of the company are indeed large, would a lender be prepared to put in $100m at a lower interest rate than AVN were paying for their previous $50m debt facility if they were not confident of the success of that Company with the imminent launch of HYLAS 4? .
Would the last person left, who holds a positive view on this company, please turn out the light when they leave.
Great.... just exactly we need right now.
Well if this is genuinely another delay versus the delay we already knew about (and it looks like it is), this just provides further funding strain. Avanti needs the revenue from the new satellites, and it needs it ASAP as the debt mountain continues to loom large over the Company. Will the extra financing recently announced be sufficient now? Must be a risk that it's not.
Wonder whether GCCRa has anything to say about this. Looks pretty important to me.
Well I'd love to know how you can put a positive spin on this: https://www.spaceintelreport.com/satellite-carrying-commercial-laser-optical-data-relay-service-hylas-3-payload-face-new-delay/
You couldn't be more wrong GCC - story of your life though, right? ;-)
MTB you really are such a loathsome little oiyc. Utterly shameless. You must realise that anyone posting here knows your type and what you are doing here, such your continued existence as this entity is pointless.
Hi can anyone explain the automatic trades of 311 shares and 644 shares?
Guess I just enjoy your witty repartee GCC. Regarding your monkey, you could get him to manage your equity portfolio as well. :-))
Why are you still posting here MTB?