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
01 Oct 2018
Avanti Communications - HYLAS 4 signals a boost to financials
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Avanti Communications - HYLAS 4 signals a boost to financials
Avanti Communications Group (AVN:LON) | 0 0 (-5.1%) | Mkt Cap: 13.6m
- Published:
01 Oct 2018 -
Author:
Andy Chambers -
Pages:
4
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