15 Jan 2014 07:00
Avanti Communications
Interim results date and US dollar reporting
London - 15 January 2014. Avanti Communications Group plc (AIM: AVN, "Avanti" or "the Group"), the satellite operator, will announce interim results for the six months ended 31 December, 2013 on Wednesday 12th February, 2014.
With revenues now predominantly denominated in US dollars and following the successful $370 million bond issuance in October 2013, Avanti's Functional Currency has switched to US dollars and as a result the Group will now report in US Dollars and will issue quarterly trading updates.
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For further information please contact:
Avanti Communications Group Plc Tel: +44 (0)20 7749 1600
David Williams, Chief Executive
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Max Hartley (Nomad)/Julian Morse
Jefferies Hoare Govett Tel: +44 (0) 20 7029 8000
Neil Collingridge/John Fishley
Tulchan Communications Tel: +44 (0) 20 7353 4200
James Macey-White
About Avanti
· Avanti is a carriers' carrier, selling wholesale data telecoms to service providers which use them to create networks for enterprise, carrier, government and consumer users.
· Avanti serves customers in Europe, Middle East and Africa
· Avanti's network consists of:- two high throughput satellites in orbit, called HYLAS 1 and HYLAS 2; a multiband satellite called Artemis plus a fourth satellite in construction called HYLAS 3 and an international fibre network connecting data centres in several countries.
· Avanti has Ka band (and some Ku and S band) spectrum filings in the ITU Master Register at 33.5°W, 21.5° East and 31.0° East.