Avanti Communications
Avanti Communications Group is the only licensed Fixed Satellite Services
operator headquartered in the UK
Premier League
Equity and debt finance secured for second Ka Band satellite
A transformational deal that triples capacity, covers new geographic markets and endorses Ka Band strategy
Fair value per share now seen in range of 830p to 1100p, materially above current levels despite strong performance
Publication Date:
January 7 2010
HYLAS 2
Equity placing and debt facilities to fund proposed second satellite
£86m raised at £4 / share, subject to General meeting
£194m debt provided or guaranteed by US and French export credit agencies at favourable rate
Publication Date:
December 21 2009
Progress justifies strong share move
Profit reported against expectations
HYLAS satellite on track for launch
Recent takeover of Wildblue in USA validates strategic value of Ka bandwidth
HYLAS alone valued at 525p / share, still well above current levels
Publication Date:
October 7 2009
Funds raised
Launch service provider upgraded to Arianespace
£31.5m raised from equity issue; £10.7m contribution from European Space Agency
Mid case valuation now 460p / share; best case 680p / share
Publication Date:
July 1 2009
Contract win
Contract with Hutchison 3G Ireland, worth £4.6m over 3 years to Avanti
Another endorsement of Satellite access; and with a multi-national Telco
Shares still well below target value
Publication Date:
April 20 2009