Avanti Communications is a UK-based satellite operator and provider of wholesale satellite broadband and connectivity services across Europe, the Middle East, and Africa (EMEA). They operate a fleet of four Ka-band HYLAS high-throughput satellites (HTS) and a network of Gateway Earth Stations. Avanti offers services to mobile network operators, internet service providers, enterprises, governments, and other satellite operators, delivering connectivity solutions to connect the unconnected and provide secure, reliable communications. The company recently moved its headquarters to Spaceport Cornwall's Space Systems Operations Facility.
All verified mentions of this organization in source documents.
Avanti operates three satellites in geostationary orbit.
Avanti has a hosted payload on Airbus’ and the European Space Agency’s EDRS-C lasercomm satellite.
After announcing its delisting plans, Avanti’s stock closed at 0.1134 kg a share on 2019-09-05, reducing the company’s market capitalization to £8,600,000.
Avanti uses Ka-band satellites and payloads to provide connectivity services across Europe, the Middle East, and Africa.
MDA Corp., now part of Maxar Technologies, supplied Avanti’s hosted payload on EDRS-C, completing Avanti’s fleet of four spacecraft.
British operator Avanti has a hosted payload on EDRS-C equipped with eight Ka-band spot beams.
Avanti’s Hylas-3 hosted payload is scheduled to launch in late July aboard Airbus and the European Space Agency’s European Data Relay Satellite C with the payload and host satellite launching on an Ariane 5 rocket.
Avanti’s Hylas-3 hosted payload was originally expected to launch in 2015.
Avanti increased its contracted backlog by more than $100,000,000 and had a contracted backlog of $166,400,000 as of 2018-12-31.
Avanti established an office in Washington to address the U.S. military market.
Avanti reported $53,500,000 in revenue for fiscal year 2018, down $3,100,000 from the previous fiscal year.
Avanti forecasts overall revenues to increase 67 percent in 2019 and an additional 30 percent in 2020 largely through new government customers on Hylas-4 and the upcoming Hylas-3 hosted payload.
Avanti signed a $10,000,000 contract with fleet operator Viasat of Carlsbad, California in June 2018 for capacity on its Hylas-4 satellite.
Avanti’s bandwidth revenue falls short of the estimated $80,000,000 it costs to deliver it.
Avanti filed with the London Stock Exchange on 2019-05-28 that the credit facility is for a two-year period and allows loans at an annual interest rate of 12.5 percent.
Avanti plans to use loans from the credit facility to fund capital expenditures and meet working capital needs.
Avanti obtained a $55,000,000 credit facility while awaiting the launch of a hosted payload now set to launch in July.
Avanti reported $56,600,000 in total revenue for 2017, down from $82,800,000 in 2016.
Avanti has an ongoing cost-optimization project aimed at reducing those costs by a minimum of 15 percent annually by 2020.
Once in orbit, Hylas-3 will join Avanti’s fleet of three Ka-band satellites covering Africa, the Middle East, and Europe.