Inactive Instrument

Avanti Communications Group PLC London S.E.

Equities

GB00B1VCNQ84

Avanti Communications : Q1 2018 Trading Update

January 30, 2018 at 04:45 am EST

For immediate release 30 January 2018

Avanti Communications Group plc (AIM: AVN, 'Avanti' or 'the Company'), the satellite operator, announces its trading update for the three months ended 30 September 2017. Revenue for the quarter was $9.7m and EBITDA was ($3.8m). The period end cash balance was $90.0m and the period end backlog was $95.2m.

Enquiries
Avanti
Alan Harper, Nigel Fox
Tel: +44 20 7749 1600

Montfort Communications (PR)
Nick Miles, James Olley
Tel: +44 203 770 7909

Cenkos Securities (Nomad)
Max Hartley, Nicholas Wells
Tel: +44 207 397 8900

About Avanti
Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 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 telecoms customers in the world seek.

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.
The Group has invested $1.2bn in a network that incorporates satellites, gateway earth stations, data centres and a fibre ring.

Avanti has a unique Cloud-based customer interface that is protected by patented technology.
The Group has three satellites in orbit and a further two fully funded satellites under construction.
Avanti Communications is listed in London on AIM (AVN:LSE).
www.avantiplc.com

Avanti Communications Group plc published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 09:44:05 UTC.

Original documenthttp://www.avantiplc.com/news/q1-2018-trading-update/

Public permalinkhttp://www.publicnow.com/view/60AA924D20317C8FA6FEFDAC4D7D00C13292C2E9

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Company Profile

Avanti Communications Group plc is engaged in the provision of communication services. The Company is engaged in commercial exploitation of its space and network assets, which include its spectrum rights, satellites, intellectual property and ground station assets. The Company's products include SELECT, CUSTOM, PURE and ApTec. The Company's satellite network interface gives service providers the control across the fleet and ground infrastructure. The Company's shared bandwidth product is an end-to-end solution that provides terminal equipment and a contended access path from an end-users property to the Internet. Its service levels range from 512/128 kilobits per second (kbps) to 30/2 megabits per second (Mbps). PURE is suitable for established satellite service providers and supports any satellite based data communications application on any vendor's Ka-band hub. ApTec is a specialist systems integration and solutions sales group, which helps Government to achieve outcomes to policy.

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