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 financia
25 Jun 2018
Avanti Communications - Final positioning for commercial relaunch
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Avanti Communications - Final positioning for commercial relaunch
Avanti Communications Group (AVN:LON) | 0 0 (-5.1%) | Mkt Cap: 13.6m
- Published:
25 Jun 2018 -
Author:
Andy Chambers -
Pages:
3
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 financia