reports
- Andy Chambers
Avanti Communications - HYLAS 4 signals a boost to financials
Avanti made good progress in the second six months of the current extended financial period. In addition, HYLAS 4 became commercially operational this month and there have been significant contract awards since launch, encouraging the belief that it should improve the financial outlook. The last reporting period reflected some uncertainty around the financial restructuring; however, this has been completed successfully. Avanti also received $20m cash from the Indonesian arbitration settlement in...
- Andy Chambers
Avanti Communications - Final positioning for commercial relaunch
Avanti had a busy Q3 ahead of its April conversion to equity of its 2023 notes. Following the $20.1m settlement due from the government of Indonesia at the end of July, it expects to complete further lines of funding to complement the restructuring. Meanwhile, the successful launch of HYLAS 4 just after the Q3 end maintains the schedule to bring the satellite into operational service towards the end of July 2018, thus significantly increasing the capacity of the fleet. The removal of financial c...
Avanti Communications et Isotropic Systems vont mettre au point un ter...
LONDRES--(BUSINESS WIRE)-- Avanti Communications Group plc (« Avanti »), un opérateur de satellites de premier plan fournissant des services de communications de données par satellite en bande Ka au Royaume-Uni, en Europe, au Moyen-Orient et en Afrique, a noué un partenariat avec Isotropic Systems, le fournisseur de terminaux satellite de prochaine génération, dans le but de mettre au point des terminaux de lecture entièrement électroniques à installation automatique. Le partenariat signale la confiance affichée par Avanti qu...
Avanti Communications and Isotropic Systems to Develop Self-Installing...
LONDON--(BUSINESS WIRE)-- Avanti Communications Group plc (“Avanti”), a leading satellite operator, providing Ka-band satellite data communications services across the UK, Europe, the Middle East and Africa, has formed a partnership Isotropic Systems, the next-generation satellite terminal provider, with to develop self-installing, all electronic scanning terminals. The partnership signals Avanti’s confidence that the transformational optical technology will open new addressable markets with disruptive pricing and enha...
Le Déploiement réussi de la Première Phase du Programme de Connecti...
LONDRES--(BUSINESS WIRE)-- Avanti Communications Group plc (« Avanti »), l'un des principaux fournisseurs de services de communication de données par satellite en Europe, au Moyen-Orient et en Afrique (EMEA), et Globecomm, un fournisseur principal de la connectivité mondiale desservant les marchés des médias, le commerce maritime, les entreprises et les gouvernements, ont annoncé la conclusion d’un Accord de Services Principal. Globecomm utilisera les services d'Opérateur de Réseau Virtuel (VNO) du satellite HYLAS 2 en bande ...
Globecomm Successfully Deploys the First Phase of Its Rural Connectivi...
LONDON--(BUSINESS WIRE)-- Avanti Communications Group plc (“Avanti”), a leading provider of satellite data communications services in Europe, the Middle East and Africa (“EMEA”), and Globecomm, a global connectivity provider serving media, maritime, enterprise and government markets, have announced a Master Services Agreement. Globecomm will utilise Virtual Network Operator (VNO) services from Avanti’s HYLAS 2 Ka-band satellite which covers Europe, the Middle East and Africa. The VNO services will enable Globecomm to provide ...
Le satellite HYLAS 4 d'Avanti Communications arrive en Guyane françai...
LONDRES--(BUSINESS WIRE)-- Avanti Communications Group plc (« Avanti »), l'un des principaux fournisseurs de services de transmission de données par satellite en Europe, au Moyen-Orient et en Afrique (« EMEA »), annonce que son satellite HYLAS 4 est bien arrivé en Guyane française pour son lancement en mars 2018. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : http://www.businesswire.com/news/home/20180216005669/fr/ Avanti Communications HYLAS 4 Satellite Arrives in French Guiana (Photo: Business ...
Avanti Communications HYLAS 4 Satellite Arrives in French Guiana
LONDON--(BUSINESS WIRE)-- Avanti Communications Group plc (“Avanti”), a leading provider of satellite data communications services in Europe, the Middle East and Africa (“EMEA”), announces its HYLAS 4 satellite has arrived safely in French Guiana ahead of its March 2018 launch. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180216005586/en/ Avanti Communications HYLAS 4 Satellite Arrives in French Guiana (Photo: Business Wire) The spacecraft, built by Orbital ATK was packe...
Avanti Communications et GRC signent un contrat majeur visant à soute...
LONDRES--(BUSINESS WIRE)-- Avanti Communications Group plc ("Avanti"), leader des services de communications de données satellitaires en Europe, au Moyen-Orient et en Afrique ("EMOA"), vient de signer un contrat d'engagement minimal évalué à 500 000 dollars avec Global Radiodata Communications Ltd ("GRC" ou "GRC Ltd"), qui développe et fournit des produits et des solutions de communications critiques, afin de fournir des communications satellitaires à haute vitesse et résilientes en bande Ka pour des opérations militaires et commercia...
Avanti Communications and GRC Sign Major Contract to Support Defence C...
LONDON--(BUSINESS WIRE)-- Avanti Communications Group plc (“Avanti”), a leading provider of satellite data communications services in Europe, the Middle East and Africa (“EMEA”), has signed a minimum commitment contract valued at $500,000 with Global Radiodata Communications Ltd (“GRC” or “GRC Ltd”), who develop and supply mission-critical communication products and solutions, to provide high speed and resilient Ka-band satellite communications to defence and commercial operations. Following successful trials, Avanti and GRC ...
Moody's withdraws Avanti's ratings
Moody's Investors Service, ("Moody's") has today withdrawn all ratings of Avanti Communications Group plc, including the company's Ca corporate family rating (CFR), Ca-PD probability of default rating (PDR) and Ca rating on its senior secured bonds. RATINGS RATIONALE Mo...
- Andy Chambers
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 disc...
- Please Change Name Alejandro Nunez
Avanti Communications Group plc: Update to discussion of key credit fa...
CORPORATES CREDIT OPINION 25 July 2017 Update RATINGS Avanti Communications Group plc Domicile United Kingdom Long Term Rating Ca Type LT Corporate Family Ratings Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Alejandro Núñez 44-20-7772-1389 VP-Senior Analys
- Andy Chambers
More favourable debt terms
The company has announced a further positive financing development with the securing of $100m of Super Senior Debt with a coupon of 7.5% that provides a significant reduction in interest payable on around 10% of outstanding gross debt. The recent trading updates are less positive and we have reduced our expectations accordingly. In addition, we still await a launch date for HYLAS 4 which is a crucial factor in attaining the required revenue and cash flow development. The fair value for the equit...
- Andy Chambers
Calling ground control
Following its successful refinancing in January, Avanti is gathering momentum once again. It has today announced a very significant partnership for sub-Saharan Africa connectivity with Millicom, a top three player in the African telecom market. Avanti is not only to provide 4G backhaul services via its satellite network to improve access in remote and rural areas, but is also to build a new Gateway Earth Station in Senegal to enhance performance across the region. The site is to be co-located wi...
- Please Change Name Alejandro Nunez
Moody's affirms Avanti's Ca CFR and changes PDR to Ca-PD/LD following ...
London, 01 February 2017-- Moody's Investors Service, has today changed Avanti Communications Group plc's probability of default rating to Ca-PD/LD from Ca-PD. The Ca corporate family rating and the Ca rating on Avanti's senior secured notes have been affirmed. The outlook has changed to stable from negative.
- Please Change Name Nunez
Avanti Communications Group plc: Avanti's Proposed Refinancing Will Co...
CORPORATES ISSUER COMMENT 23 December 2016 Contacts Alejandro Núñez 44-20-7772-1389 VP-Senior Analyst [email protected] Mikel Zabala 44-20-7772-5620 Associate Analyst [email protected] Ivan Palacios 34-91-768-8229 Associate Managing Director [email protected] Avanti Communications Group plc Avanti’s Proposed Refinancing Will Constitute A Distressed Exchange On 20 December 201
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Andy Chambers
Waving not drowning
Avanti has today announced a refinancing of its operations with the existing bondholders providing an additional $130m of new funds on completion, with a further $112m of liquidity provided by potential interest payment deferrals up to April 2018. The company can now proceed to more than double its available Ka-band capacity by launching the HYLAS 4 satellite later this year. The focus will be on filling the capacity at planned pricing, particularly to sub Saharan Africa. Revised guidance of 35%...
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