Avanti Communications updated the market on its arbitration proceedings against the Indonesian Ministry of Defence on Thursday, confirming it was in line to receive a final award.
Shares in satellite firm Avanti Communications fell by almost a third on Monday after the AIM-quoted firm said it needed to raise more cash or default on its debts and face possible insolvency.
Satellite operator Avanti Communications Group announced the successful launch of HYLAS 4 on Friday, which occurred from Kourou, French Guiana on Ariane flight VA242 on 5 April.
Avanti Communications Group has been advised by Arianespace of a delay to the launch of its HYLAS 4 satellite, it announced on Friday.
Satellite operator Avanti Communications Group issued a very short trading update for the three months to 30 September on Tuesday.
Avanti Communications, the satellite services provider, has reached agreement with its major shareholder and most of its bondholders to restructure its $557m debts via a debt-for-equity swap.
Avanti Communications announced on Monday that it agreed a launch slot for its HYLAS 4 satellite with Arianespace, beginning 1 March 2018.
Satellite data communications services provider Avanti Communications Group updated the market on its trading for the financial year to 30 June, ahead of its final results.
AIM-listed Avanti Communications has won a contract worth up to £1.2m from the European Regional Development fund to provide 40Mbps broadband speeds to small businesses in Cornwall and Isles of Scilly.
AIM-listed provider of satellite data communications services Avanti Communications has signed a $4.5m two-year contract to deploy capacity from its HYLAS fleet to a new customer in the mobility market.
Satellite data provider Avanti Communications has teamed up with French satellite service provider Numerisat to bring broadband connectivity to ski resorts and chalets across the Alps, including wi-fi hotspots for La Grande Odyssée event visitors.
Shares in Avanti Communications surged on Wednesday on news that the satellite data provider has partnered with telecommunications firm Millicom to bring broadband connectivity to domestic consumers, businesses and governments in Sub-Saharan Africa.
AIM-listed provider of satellite data communications Avanti Communications has announced a new contract with Telkom Kenya (TKL) to provide connectivity for the Kenyan government initiative Constituency Incubation Hubs.
Avanti Communications Group announced the completion of its previously announced $242m refinancing on Friday, with the settlement of its consent solicitation.
Avanti Communications confirmed on Friday that it has received consents from holders of 91.85% of its senior secured notes due in 2019, having previously announced the launch of a consent solicitation, exchange offer and new money offer as part of a larger financial refinancing on 20 December.
Satellite data communications services company Avanti Communications issued a statement on Friday afternoon, as its share price surged.
Inmarsat has passed up the opportunity to make a bid for cash strapped smaller rival Avanti Communications, which put itself up for sale last month.
Data communications outfit Avanti said it had signed its first pre-launch contract for capacity on the HYLAS 4 satellite.
Avanti Communications, which provides satellite data communications services, said its loss for the half year narrowed.
Avanti Communications has won a contract with Telkom SA to provide national high-speed broadband coverage across South Africa.