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.
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.
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.
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.
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.
Satellite fleet operator Avanti Communications Group of London closed a combined debt and equity financing deal that netted $136.3 million.
Satellite fleet operator Avanti Communications Group on May 12 said its three-satellite fleet, principally the Hylas 1 and Hylas 2 satellites launched in November 2010 and August 2012, were between 15 percent and 20 percent full during the three months ending March 31.