9 Sep 2015 15:11
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Don't have an account? Click here to register.Avanti Communications posts narrower first half loss
Thu, 04th Feb 2016 12:27
(ShareCast News) - Avanti Communications, which provides satellite data communications services, said its loss for the half year narrowed.For the six months to the end of December 2015, the loss narrowed to $45.5m (£31m) from $48m, on largely flat revenue of $31m compared with $31.1m in the same period a year earlier.Avanti won $40m of contracts mainly with government and large telecoms customers in the second quarter, which it reckons will make a strong contribution to second half revenue.The company said its expectations for 50% growth in continuing revenue at constant currency in the full 2016 financial year are supported by recent order wins.Chief executive officer David Williams said: "Our growth prospects are supported by both our recent order wins and a very strong pipeline of near term opportunities that are in advanced stages of negotiation."Avanti is strongly capitalised with more than adequate cash headroom. In a pioneering market, the combination of a good product, good customers and a fully funded model assures us that Avanti has a successful trajectory ahead."At 1230 GMT, Avanti shares were down 9.8% to 124.50p.
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17 Aug 2015 18:27
MEDIA-Avanti Communications bond issue said to draw interest from Mast Capital - Sky News
-- Source link: (http://bit.ly/1DYzi21) -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Avanti Communications signals full year revenue up 50%
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9 Jun 2015 08:07
Avanti Communications wins contract with South Africa telecoms operator
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Avanti Communications lands deal with Tanzania's national telecoms operator
Avanti Communications has signed a new deal with TTCL, the national telecoms operator of Tanzania. The contact will expand TTCL's broadband network to customers who are outside of the fibre infrastructure via Avanti's HYLAS 2 satellite, which gives complete coverage of the country. The agreement wi
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