Avanti: Losses deepen
London-based satellite operator Avanti Communications reported an increased loss of $87.7 million ($58.88m, a year ago). Revenues expanded from $32.12 million a year ago to $65.62 million for the year to June 30. Backlog also fell back from $445 million a year ago to $430 million now. Avanti had some $195 million cash at hand […]