Avanti
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Viasat leases Hylas-4 capacity from Avanti
Viasat on June 25 acquired a quarter of the steerable capacity on Avanti’s newest satellite, Hylas-4, providing fresh Ka-band resources the company can use anywhere from the Americas across the Atlantic to the Middle East.
Indonesia ordered to pay Avanti $20 million for missed satellite lease payments
Avanti has been awarded $20 million in a dispute with Indonesia's government over missed payments on a borrowed communications satellite, the British satellite operator announced June 7.
Avanti CTO Retiring in June
Bestwick will be the second major executive departure for Avanti in less than a year. David Williams, chief executive and fellow co-founder, left the company in August 2017.
With Hylas-4 in orbit, Avanti hopes to take lead in African HTS
In the months preceding the launch of Avanti’s Hylas-4 satellite, the British operators didn’t mince words when it described the importance of a successful mission as “critical.”
Ariane 5 lofts two long-awaited telecom satellites
Arianespace on April 5 launched two satellites for telecom operators that for separate reasons were both more than a year behind their original launch schedules.
Avanti tallies $114.1 million in impairment charges for Hylas-1 and 2 satellites
Avanti says the evolution of high-throughput satellites is outpacing the company’s satellite fleet, making it difficult to secure business with the Hylas 1 and Hylas 2 broadband satellites.
Avanti CEO leaves company
David Williams, chief executive of broadband satellite operator Avanti Communications, has parted ways with the company he co-founded.
Avanti gets new ESA contract, seeks payment relief from suppliers, creditors
Satellite fleet operator Avanti Communications, which is seeking a buyer or strategic investor to avoid a loan default, has won fresh support from its long-time supporter, the European Space Agency, in the form of a $12-million investment to provide broadband in Africa, ESA and Avanti said.
Avanti’s cash demands force search for possible buyer
Satellite fleet operator Avanti Communications Group on July 7 revised downward its expected revenue for the coming 12 months and said a loan expected from an unnamed export-credit agency would require the company to raise $50 million in new equity.
Avanti promises revenue acceleration, new Ka-band over Europe by June
Satellite fleet operator Avanti Communications Group on May 16 promised investors an exceptional feat of revenue growth in the next few months as it seeks to meet its target for the fiscal year ending June 30.
Avanti reports flat revenue but increased backlog ahead of 2017 launches
Satellite broadband provider Avanti Communications Group on Feb. 4 reported flat revenue for the six months ending Dec. 31 compared to a year ago but said backlog had increased and that the next six months should see substantial revenue growth.
Avanti’s stock jumps 16% on favorable Moody’s report
Satellite broadband provider Avanti Communications’ stock soared on Jan. 27 after months of declines, apparently on the strength of a largely favorable report by Moody’s Investor Service.
Unsold Capacity Knocks Avanti for a $2.9 Million Loss
Avanti's three satellites have been just 20-25 percent full recently, says average pricing is holding firm in its core European, African and Middle Eastern markets.
Avanti, SES Bury Hatchet with Ka-band Spectrum Deal
Satellite fleet operators SES of Luxembourg and Avanti Communications of London have concluded a Ka-band spectrum agreement under which Avanti has transferred to SES spectrum rights outside Avanti’s current commercial coverage regions valued at $25.1 million, the two companies said.
Hylas Financing Package Covers Cost of New Satellite
Satellite fleet operator Avanti Communications Group of London closed a combined debt and equity financing deal that netted $136.3 million.
