London-based speciality satellite operator Avanti Communications has borrowed another $30 million and been given an additional lifeline by its lenders for its $145 million-worth of borrowings. But the money comes with a sting in the tail. The lenders have granted an extension to the repayment obligations to Avanti, setting January 31st next year as the […]
London-based Avanti Communications has received all the necessary approvals to increase its borrowings. The end result is a capital injection of $30 million and taking its basket of borrowings from $145 million to $190 million (which includes other obligations). Avanti received consent approval from 78.49 pe rcent of note holders. The approvals and further borrowing […]
February 8th was when London-based speciality satellite operator Avanti Communications needed to refinance its $145 million debt (Super Senior Facility/SSF) or extend the period of borrowing which it has achieved, at least by a week. In a statement on February 8th, Avanti said: “Today the Company announces that it has agreed on the headline terms […]
Nigeria’s Communications Commission (NCC), the regulatory body overseeing the country’s communications sector, has issued new licences and permits equal to 13 additional feeds from mostly existing satellite operators to provide satellite services within the country. The extra permits go to Intelsat, Eutelsat, Avanti, Yahsat, SES (via NSS New Skies), Inmarsat and Iridium. OneWeb is also […]
London-based Avanti Communications has signed what they describe as a “significant” contract with Airbus, Israel-based GetSAT and Global RadioData Communications (GRC) to deliver hardware, training and support for GetSAT’s Microsat terminals on Avanti airtime, and “allowing users to access high-speed voice and data in some of the most challenging environments on the planet” according to […]
AVANTI Media has sold its BBC Four Life Drawing Live! format and programmes to SBS in Australia. As well as producing the format for air in July, SBS has also bought the two previous two-hour-long, Life Drawing Live! programmes that aired to critical acclaim on BBC Four. It’s recent edition was praised publicly by Tony […]