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Avanti Communications is prioritizing partnerships and distribution capability in Africa rather than immediately procuring a classic GEO satellite with a four- to five-year lead time and roughly $300,000,000 cost.
Avanti Communications identified monetizing Hylas-3 and increasing service in about 10 to 12 tougher African countries, including Zimbabwe and the Democratic Republic of Congo, as priorities to raise fleet fill rates.
Avanti Communications is focusing on supporting tower companies and mobile operators to physically deploy rural connectivity sites across Africa.
Avanti Communications was targeting a fleet fill rate increase from 48% toward 70–80% in 2020 and had reached about 60% at the time of the interview.
Avanti Communications built a fleet of five geostationary satellites to provide Ka-band broadband coverage across Europe, the Middle East, and Africa.
Avanti Communications announced a five-year partnership with mobile operator Free in Senegal under which Free will build and host a new Avanti satellite gateway to extend coverage to Senegal and neighboring West African countries.
Hylas 3, Avanti Communications’ latest satellite, launched in August 2019.
Avanti Communications expected to reach $100,000,000 in annual revenue from capacity sales by year-end 2023, contingent on delivering four or five commercial initiatives in the following 12 months.
Investors agreed in April to swap debt for equity in Avanti Communications, reducing the company’s $810,000,000 debt burden by two-thirds.
The strategic partnership with Avanti is intended to expand Viasat Energy Services’ market presence and penetration ahead of the ViaSat-3 satellite launch aimed over Europe, the Middle East, and Africa (EMEA).
Viasat Energy Services plans to leverage Avanti’s HYLAS capacity beginning in calendar 2022-07-01.
Under the lease agreement, Avanti will support Viasat in delivering high-speed satellite data connectivity across the North Sea, Middle East, and Western Africa.
Viasat Energy Services plans to leverage Avanti’s HYLAS capacity beginning in calendar 2022-07-01.
Avanti Communications signed a long-term capacity lease agreement with Viasat Inc. to support connectivity for Viasat’s energy sector customers.
Avanti Communications and Free in Senegal entered a five-year partnership to build and host a new satellite gateway in Senegal for Avanti’s HYLAS 4 Ka-band satellite.
The new satellite gateway will extend HYLAS 4 coverage to Senegal, Guinea, Sierra Leone, Guinea Bissau, Gambia, and Liberia and will complete Avanti’s coverage of Ivory Coast.
HYLAS 4 is a Ka-band satellite operated by Avanti Communications.
Avanti's debt was reduced to $260,000,000 following the recapitalization deal.
Avanti provides broadband services across Europe, the Middle East, and Africa using a fleet of five Ka-band satellites.
In 2020, Avanti aimed to increase its fleet fill rate from 48% to around 70–80% to be more in line with leading fleet operators.