Company Directory / Avanti Communications Group Plc

Business Description

Avanti connects people wherever they are – in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 160 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world’s population. Avanti delivers the level of quality and flexibility that the most demanding telecom’s customers in the world seek.

On 21 July 2017, key investors were:
• M&G INVESTMENT MANAGEMENT (16.9%)
• SOLUS ALTERNATIVE ASSET MANAGEMENT (15.8%)
• MAST CAPITAL MANAGEMENT (13.6%)
• HARGREAVES LANSDOWN (5.9%)
• CALEDONIA INVESTMENTS (3.8%)
• BARCLAYS STOCKBROKERS (3.1%)
• TD WATERHOUSE (3.1%)
• HSDL STOCKBROKERS (2.5%)
• Directors and employees held 6.4% of the shares in issue.

ADVISERS:
• Nominated advisor and corporate broker: Cenkos Securities plc
• Joint corporate broker: Jefferies International Limited
• Registrars: Neville Registrars Limited
• Solicitors: Osborne Clarke
• Public relations: Montfort Communications"

Listing/Admission to trading - 16 Apr 2007. Market - AIM
FTSE sub-sector - Mobile Telecommunications

Key Fundamentals 30-Jun-12 30-Jun-13 30-Jun-14 30-Jun-15 30-Jun-16
Revenue (£ m) 12.46 20.60 65.62 85.20 82.80
Pre-Tax (£ m) -16.01 -37.63 -87.69 -73.30 -67.00

FT, December 13, 2017: The company, which has been hammered by mounting debt fears for some time was given a new lease of life today as a crucial debt-for-equity swap moved onto the launch pad. Its proposed restructuring will hand bondholders a $557m (£417.6m) equity stake and should save at least $81m a year in interest payments. After the swap, hedge fund Solus Alternative Asset Management will hold approximately 41.5% of shares. Avanti will also have room to raise about $30 million of additional capital in the New Year.

Registered Address

Cobham House
20 Black Friars Lane
London
EC4V 6EB

Contact Details

Key Data

Sector
6575 Mobile Telecommunications
Company Number
06133927
Type
Public Limited Company
Company Age
11 years
Incorporated
March 1, 2007
Status
Active
Nature of Business
61300 - Satellite telecommunications activities
Year End
December 31
Accounts Due
June 30, 2019
Latest Accounts
June 30, 2017

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