{"id":86651,"date":"2010-07-15T19:33:52","date_gmt":"2010-07-15T11:33:52","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/avanti-to-procure-third-satellite-after-stock-sale\/"},"modified":"2010-07-15T19:33:52","modified_gmt":"2010-07-15T11:33:52","slug":"avanti-to-procure-third-satellite-after-stock-sale","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/avanti-to-procure-third-satellite-after-stock-sale\/","title":{"rendered":"Avanti to Procure Third Satellite After Stock Sale"},"content":{"rendered":"<p>[07-15-10] <strong>Avanti Communications<\/strong> has raised about 70 million British pounds ($106.8 million) through the sale of 16.28 million company shares, the satellite operator announced July 14.<br \/>\n&nbsp;&nbsp;&nbsp; Avanti said it will use funds raised from the sale to repay the fixed-term facilities of a principal amount of 32 million pounds ($48.8 million) borrowed in order to finance the Hylas 1 satellite \u2014 Avanti\u2019s first spacecraft scheduled to be launched by Arianespace in September. The remainder of the funds will enable Avanti to initiate the procurement of a third satellite and to provide additional resources for the company to redomicile the Hylas 2 assets offshore.<br \/>\n&nbsp;&nbsp;&nbsp; The newly issued shares represent around 23.7 percent of Avanti\u2019s existing ordinary share capital.<br \/>\n&nbsp;&nbsp;&nbsp; In June, Avanti signed a 10-year contract with an unnamed triple-play consumer telecom service in the United Kingdom and Ireland to provide the customer with up to 100 megabits of service on Hylas 1. The satellite will deliver a bouquet of scheduled, broadcast TV channels in the style of current free-to-air terrestrial services, in addition to high-speed broadband. With volumes increasing over the initial five years of the contract, Avanti said the deal should generate a minimum of 12.7 million euros ($15.2 million) in revenues.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Avanti Wins Hylas 1 Capacity Deal in U.K. Consumer  Market<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tJune 8, 2010<br \/>\n[06-08-10] Avanti  Communications has signed a long-term Hylas 1 capacity contract with an  unnamed triple-play consumer telecom service in the United Kingdom and  Ireland, the operator announced June 7.  The 10-year contract  provides\u2026<\/p>\n<p><b class=\"titlelink\">Arianespace Ready for Astra 3B Launch; May Not Be  Ready for Hylas 1<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMay 17, 2010<br \/>\n[05-17-10] Arianespace will  launch SES Astra 3B broadcasting satellite and the German military\u2019s  ComsatBw 2 communications platform May 21 after problems with the Ariane  5 rocket\u2019s helium pressurization system pushed the launch back\u2026<\/p>\n<p><b class=\"titlelink\">Hughes Wins Avanti Ka-Band Satellite Services Deal<\/b>&nbsp;&nbsp;  \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tApril 28, 2010<br \/>\n[04-28-10] Hughes Network  Systems signed an $18 million, multi-year agreement to supply Avanti  Communications Group with advanced Ka-band networking infrastructure for  Avanti s Hylas 2 satellite, Hughes announced April 27.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[07-15-10] Avanti Communications has raised about 70 million British pounds ($106.8 million) through the sale of 16.28 million company shares, the satellite operator announced July 14. &nbsp;&nbsp;&nbsp; Avanti said it will use funds raised from the sale to repay the fixed-term facilities of a principal amount of 32 million pounds ($48.8 million) borrowed in order [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86651","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86651"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86651"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86651\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}