Avanti Communications - Return to base
The company has announced a proposed financial restructuring that should clear the way to resume more normal operations. FY17 results are still to be released, and are expected in January 2018. Until we have a more current financial base to work from, we are withdrawing our forecasts. That is not to say that existing shareholders may not finally benefit from the restructuring. In our opinion, greater risk lies with the proposals not proceeding. The debt for equity swap, interest savings and discount being assumed by the bondholders should provide a solid foundation for Avanti to execute its strategy, with an improved prospect for equity holders.Avanti Communications Group is engaged in commercial exploitation of its space and network assets. These assets include its spectrum rights, satellites, intellectual property and ground station assets. Co.'s network and other assets include broadband packages, managed capacity, fully integrated project, raw capacity, pure spectrum and a number of other product categories and models to suit customer and market circumstances. Co.'s technology platform is made up of two operational satellites and one hosted payload in orbit, two satellites under construction, and a ground segment infrastructure delivering comprehensive coverage of Europe, the Middle East and Sub-Saharan Africa.
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