Avanti Communications (AVN); signs $84m wholesale capacity agreement

Published on 30-11-2018 08:31:37
Author Sparks Team

Avanti signed a 7-year wholesale capacity lease agreement for its HYLAS-fleet of satellites worth $84m. The company also entered into a $10m contract for steerable capacity of HYLAS 4 with ViaSat.

A Master Distribution Agreement with Comsat signed during the period will help it in gaining access to US Government business. And Avanti also received $20.1m from Government of Indonesia after winning the arbitration proceedings against them.

The company will extend Super Senior Facility from $132.5m ($118m already drawn) to $152.5m. The additional amount of $34.5m from the new funding will support the business going forward.

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