Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)

Transcription

1 UK Universal Broadband Contract Win 7 December, 2015 UK Universal Broadband Contract Win Avanti Communications Group plc announces a new contract with BT, to be part of BT's supply of wholesale consumer broadband services which will be sold onwards to consumers in the UK through a network of satellite resellers under the auspices of the British Government s Universal Service Commitment. Under this plan directed by Broadband Delivery UK ( BDUK ), up to 300,000 homes which cannot access greater than 2Mbps from terrestrial networks will be eligible to receive a contribution from government to fund the installation of satellite broadband services, with the consumer then paying monthly service charges. The scheme is expected to go live during December. David Williams, Chief Executive of Avanti said: We welcome this significant intervention by government to ensure that the Universal Service Commitment is met and we are pleased to serve the best interests of the UK consumer. Ed Vaizey MP, Digital Economy Minister said: Our rollout of superfast broadband has already reached an additional 3.5 million homes and businesses who would otherwise have missed out. We are making tremendous progress, but it s a massive engineering project and won t happen overnight. This scheme offers immediate assistance to those homes and businesses in the most remote areas with the slowest speeds and is all part of our transformation of the UK s digital landscape. --ENDS-- Redleaf: Hannah Nicolas, +44 (0) Notes to editors Avanti Communications Avanti connects people wherever they are in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 160 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.

2 The Group has invested $1.2bn in a network that incorporates satellites, gateway earth stations, datacentres 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. In the UK service is supplied using Avanti s HYLAS 1, 2 and 4 Ka-band satellites, which have 100% coverage of the British Isles. Users will then be able to choose from packages offering up to 30Mbps. Broadband Delivery UK Broadband Delivery UK ( BDUK ), part of the Department for Culture, Media and Sport, is delivering superfast broadband and better mobile connectivity to the nation. The Government is investing over 1 billion in improving broadband and mobile infrastructure to: provide superfast broadband coverage to 90% of the UK by 2016, provide basic broadband (2Mbps) for all by 2016, provide superfast broadband to 95% of the UK by 2017, explore options to get near universal superfast broadband coverage across the UK by 2018, create 22 SuperConnected Cities across the UK by 2015; and, improve mobile coverage in remote areas by Telkom SA Contract Win 3 November, 2015 RNS Telkom SA Contract Win Avanti Communications Group plc ( Avanti or the Group ), a leading provider of satellite data communications services in Europe, the Middle East and Africa, announces that it has won a contract with Telkom SA to provide national high speed broadband coverage across South Africa. Service will be supplied using Avanti s HYLAS 2 Ka-band satellite, which has 100% coverage of South Africa across five beams. This multi-year commitment is expected to make a significant contribution to filling HYLAS 2 and HYLAS 4 South African capacity in a market that is developing well for Avanti.

3 David Williams, Chief Executive of Avanti said: It is of great importance for Avanti to secure the partnership of Telkom in our shared mission to bring broadband to all government sites, businesses and homes in South Africa. The country is Avanti s most important market and is served by HYLAS 2 and HYLAS 4. We are privileged to have been selected and look forward to a strong partnership. Avanti has now won contracts with the incumbent national telecoms companies in all of its core African markets, in-line with its announced strategy. --ENDS-- Redleaf: Hannah Nicolas, +44 (0) Notes to editors Avanti connects people wherever they are in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 160 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, datacentres 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. Full Year Results 16 September, 2015

4 Avanti Communications Group plc ( Avanti or the Group ), a leading provider of satellite data communications services in Europe, the Middle East and Africa, issues the following results for the financial year ending 30 June Highlights: Revenue up 29.9% to $85.2m (2014: $65.6m) Continuing business constant currency revenue up 50.4% Net cash at year end $122.2m (2014: $195.3m) with a pro forma cash balance of $248.5m Contract wins with key target customers including SENTECH, Tanzania Telecoms Company and Orange Telkom Kenya Top-20 Customer Bandwidth Revenue Growth 53.7% Year end fleet utilisation up to the 20% to 25% band (2014: 10% to 15%) Construction of HYLAS 4 commenced with launch on-track for early 2017 Continuing business constant currency growth rate expected to continue into 2016 David Williams, Avanti s CEO said: 'Avanti has the most advanced technology platform in our region, delivering outstanding service quality across many application areas from broadband to defence, at prices that fundamentally change market demand. Our distribution platform in existing geographies is now mature, with success in signing the largest telecoms operators in most of our key markets. Thus the achievement of our long term plan is now a matter of continued execution of the same performance, with cash flows expected to build as customer growth compounds. Redleaf: Hannah Nicolas, +44 (0) Completion of HYLAS 4 satellite financing 18 August, 2015 RNS Avanti Communications Group plc ( Avanti ), a leading provider of satellite data communications

5 services in Europe, the Middle East and Africa ( EMEA ), announces the completion of financing for its HYLAS 4 satellite, in line with the previously announced financing plan. Avanti has successfully placed $125m in Senior Secured Notes due 2019 (the Notes ) under the Company s existing indenture. The Notes will be issued at a small discount to the current trading price of Avanti s existing notes and will have a coupon of 10%. The investor group was led and managed by MAST Capital Management, LLC, a Boston-based investment firm. HYLAS 4 remains on-track for launch in early 2017 and will complete Avanti s coverage of EMEA. The majority of the satellite s capacity will serve high-growth markets in Africa. The Company expects that this will consolidate its first mover advantage across EMEA, and enhance the future cash generation potential of the Group. In addition, Avanti has also simultaneously conducted an equity capital raising (the "Capital Raising"). Avanti has issued 3,592,781 new ordinary shares (the "New Ordinary Shares") of 1p each ( Ordinary Shares ) at a price of p per New Ordinary Share, to raise approximately 7.2m ($11.3m) (net of expenses) in order to satisfy demand from bond investors. The Capital Raising has been conducted under the Company s existing shareholder authorities to allot new Ordinary Shares for cash on a non-pre-emptive basis. The issue price of p represents a discount of 4.0% to the closing middle market price of p per existing Ordinary Share on 17 August 2015, the last dealing day prior to this announcement. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ( Admission ). The New Ordinary Shares will represent approximately 2.47% of Avanti's issued Ordinary Share capital immediately following Admission. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 21 August The Notes will be issued on the same day. Following the Admission, the total number of Ordinary Shares with voting rights admitted to trading on AIM will be 145,396,350. The New Ordinary Shares will rank pari passu in all respects with Avanti's existing Ordinary Shares in issue. Avanti does not hold any Ordinary Shares in treasury. The above figure of 145,396,350 Ordinary Shares may be used by shareholders in Avanti as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Avanti, under the Financial Conduct Authority's Disclosure and Transparency Rules. Peter Reed, Partner and Portfolio Manager, MAST Capital Management, LLC said: We have long admired Avanti s business and its management team. The completion of the financing for the HYLAS 4 satellite is an exciting and important milestone for the Company and we are pleased to play a leadership role in the satellite s development by investing $125 million into newly issued notes and shares. David Williams, Avanti Chief Executive, said, Today s funding for HYLAS 4 enables us to complete our coverage of EMEA in early Avanti now offers more High Throughput Satellite capacity to its telco customers in Africa than any other satellite operator, enabling us to build strong

6 partnerships for the long term. Millions of people and businesses in Africa don t have to wait for tomorrow, Avanti delivers superfast broadband today. Redleaf: Hannah Nicolas, +44 (0) MAST: Steve Bruce or Taylor Ingraham, ASC Advisors, Notes to editors Avanti connects people wherever they are in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 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, ground stations, datacentres 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. About MAST Founded in 2002, MAST Capital Management, LLC is an SEC-registered investment advisor that specializes in event-driven and credit investments, focusing predominantly on middle market opportunities. Currently, MAST manages and sub-advises approximately $1.2bn for sophisticated institutional and family office investors globally. The Boston-based Firm is employee-owned with a minority stake held by Dyal Capital Partners, a subsidiary of Neuberger Berman Pre-Close Trading Update 6 July, 2015 Avanti Communications Group plc ( Avanti or the Group ), a leading provider of satellite data communications services in Europe, the Middle East and Africa, issues the following pre-close trading update prior to its 2015 full year results.

7 Highlights Revenue for the 12 months ended 30 June 2015 over $80 million Constant currency continuing business revenue up over 50% Trading Trading has remained in line with the trends outlined in the third quarter statement. Avanti s continuing business revenue growth rate, assuming constant currency, increased over 50% in the 2015 financial year. As anticipated, this core recurring revenue growth was augmented in the fourth quarter with non-recurring revenue. Period end cash was over $120m. Avanti expects to announce its full year 2015 results on 16th September David Williams Avanti s CEO said: We have continued to develop Avanti s growth platform in the fourth quarter. Avanti is winning new distribution partners and growing existing relationships in order to access the huge latent demand for connectivity in high growth markets. We have won a number of significant new contracts towards the end of the year, in the Broadband, Enterprise and Government sectors. Further significant transactions are pending, giving us an expectation of ongoing momentum in the first half of the new financial next year. Redleaf: Hannah Nicolas, +44 (0) Notes to Editors Avanti connects people wherever they are in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 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.

8 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, ground stations, datacentres 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 secures contract with South African state owned SENTECH 9 June, 2015 RNS Multi-year contract to deliver significant deployments across public sector services and government sites SENTECH reports into the Ministry of Telecommunications and Postal Services Avanti Communications has signed a new multi-year contract with SENTECH, a state owned enterprise operating in the telecommunications sector in Africa. SENTECH delivers satellite broadband connectivity to South Africa s public sector at scale, across hundreds of public state institutions and government sites. Kganki Matabane, Chief Operations Officer at SENTECH, said: We are delighted to unveil our new partnership with Avanti, which enhances SENTECH s data connectivity technology platform in order to fulfil our public service mandate. This will enable us to provide robust connectivity services which extend our broadband infrastructure to some of the most remote sections of the country. Avanti s satellite broadband service will allow SENTECH to enhance public value to a vast range of institutions across the country. David Williams, Avanti CEO commented: The award of such an important contract for the delivery of vital connectivity to public sector users in South Africa is a strong indication of Avanti s competitive advantages. Through this valuable partnership with SENTECH, we look forward to making a strong contribution to the efficiency of public services across South Africa. Service will be supplied using Avanti s HYLAS 2 Ka-band satellite, which has 100% coverage of South Africa. Notes to Editors

9 Redleaf: Hannah Nicolas, +44 (0) About SENTECH SENTECH is a State Owned Company (SOC) operating in the broadcasting signal distribution and telecommunications sectors and reporting to the Minister of Telecommunications and Postal Services. SENTECH s signal distribution network forms the backbone of broadcasting in South Africa. In line with the Electronic Communications Act and Sentech Act, SENTECH s primary public service mandate is...to provide electronic communications services and electronic communications network services. Within this context the Government sees Sentech as an intervention vehicle in the communications sector through network based infrastructure. Visit: About Avanti Communications Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 partners in 118 countries, the network provides ubiquitous internet service to 27 per cent 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 that cover an end market of over 1.5bn people. The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based flexible customer interface that is protected by patented technology. The Group has three satellites in orbit and a further two fully funded satellites under construction. TTCL signs contract with Avanti Communications for national deployment in Tanzania 1 June, 2015 RNS Avanti Communications Group plc ( Avanti ) has signed a new contract with TTCL, Tanzania s incumbent national telecoms operator.

10 The contract will expand TTCL s high-speed broadband network to customers beyond the bounds of fibre infrastructure. Deployed via Avanti s HYLAS 2 satellite with 100% coverage of Tanzania, TTCL will supply a new satellite broadband offering to its consumer, enterprise and government customer base imminently. Dr Kamugisha Kazaura, Chief Executive of TTCL, commented: Avanti s proven Ka-band satellite technology will deliver high-speed broadband to our national customer base, which demands the highest levels of service quality. We look forward to addressing Tanzania s immediate digital divide challenges via this growing partnership. David Williams, Chief Executive of Avanti Communications, commented: This is a significant contract with one of the most important telecoms operators in East Africa. The quality and flexibility built in to Avanti s network from its design ensures we deliver to the most demanding customers needs. Our Ka-band satellite technology has a huge role to play in supporting TTCL to bridge Tanzania s digital divide, today. Redleaf: Hannah Nicolas, +44 (0) About TTCL TTCL is the oldest and largest fixed line telecommunications company in Tanzania. TTCL was wholly owned by the Government of Tanzania until the partial privatization of the company in TTCL provides voice and data communication services to over 300,000 business and residential customers in Tanzania. The Company also provides network services to other licensed telecom operators. TTCL's aim is to remain the leading Fixed Network Operator in Tanzania. In order to achieve this goal, a strong focus has been placed on customer satisfaction by providing high quality and affordable services to customers. Visit: About Avanti Communications

11 Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 partners in 118 countries, the network provides ubiquitous internet service to 27 per cent 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 that cover an end market of over 1.5bn people. The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based flexible customer interface that is protected by patented technology. The Group has three satellites in orbit and a further two fully funded satellites under construction. Capital Raising of 60.6m to secure full financing for the HYLAS 4 satellite 5 February, 2015 RNS Capital Raising of 60.6m to secure full financing for the HYLAS 4 satellite Avanti Communications Group plc ( Avanti or the Group ), a leading provider of satellite data communications services in Europe, the Middle East and Africa, today announces a Capital Raising subject to shareholder approval by way of the issue of 28,866,720 New Ordinary Shares with new and existing institutional investors at 210p per New Ordinary Share to raise approximately 60.2m (after expenses). The Capital Raising, in combination with the Avanti s ability to issue up to a further $125m under its existing bond indenture (on the basis that the additional bonds do not exceed a ratio of 1.25:1 to the Capital Raising), fully funds the cost of the construction and launch of HYLAS 4 and takes the Group through to the point where it is expected to be free cash flow positive. The Directors expect that this will consolidate Avanti s first mover advantage across EMEA, therefore increasing the future cash generation potential of the Group. The Capital Raising will raise approximately 60.2m (net of expenses) through the issue of the New Ordinary Shares at the Issue Price of 210p, which represents a discount of 5.7 per cent. to the closing middle market price of p per Existing Ordinary Share on 4 February The New Ordinary Shares will represent approximately 20.4 per cent. of the Group's issued ordinary share capital immediately following Admission. Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ( Admission ). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 24 February The Capital Raising is conditional, inter alia, upon the Group obtaining approval from its Shareholders to grant the Directors authority to allot the New Ordinary Shares and to disapply statutory pre-emption rights which would otherwise apply to the allotment of the New Ordinary Shares. The Capital Raising is also conditional upon Admission.

12 Definitions used in this announcement have the same meaning as those used in the circular which will be posted to Shareholders today and will be available on the Group s website Avanti: Matthew Springett, +44 (0) Tulchan Group: James Macey White, +44 (0) Redleaf: Hannah Nicolas, +44 (0) Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0) Results for the six months ended 31 December February, 2015 RNS Results for the six months ended 31 December 2014 Avanti Communications delivers strong revenue growth in line with expectations and has funded HYLAS 4 Avanti Communications Group plc ( Avanti or the Group ), a leading provider of satellite data communications services in Europe, the Middle East and Africa, today announces its results for the six months ended 31 December Highlights Revenue up 24.4% to $31.1m (H1 2014: $25.0m) in line with expectations despite currency translation headwinds EBITDA (1) before ex gratia receipt and share based payment expense $3.5m loss (H1 2014: $4.1m loss) Construction of the key HYLAS 4 satellite commenced during the period and the HYLAS 3 project is on-track Positive outlook with significant revenue growth visible in Q3 following recent contract awards Post the period end, $91.5m ( 60.6m) of capital raised to secure the financing of HYLAS 4 David William s Avanti s CEO said: Avanti has made good progress in the first half of the 2015 financial year. In addition to delivering revenues in-line with our expectations, we have enhanced our growth platform securing 49 new contracts, developing deep relationships with several major global customers and commencing the construction of our key HYLAS 4 satellite. A material increase in revenue in the third quarter is visible following recent contract awards, which will help to underpin our full year expectations. In the longer-term, we remain confident that Avanti s infrastructure has

13 the potential to deliver over $500m of EBITDA annually. Our positive revenue growth outlook, together with the recent capital raise to secure the funding of HYLAS 4, which was strongly supported by new and existing blue chip investors, help to underpin our trajectory to this point. Avanti: Matthew Springett, +44 (0) Tulchan Group: James Macey White, +44 (0) Redleaf: Hannah Nicolas, +44 (0) Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0) (1) For a reconciliation of EBITDA to the operating result see note 11. Notes to editors Avanti Communications is a leading provider of satellite data communications services in Europe, the Middle East and Africa with significant international spectrum rights and a network covering over one billion people. The Group has designed and launched a new generation of high throughput Ka band geostationary satellites, in order to address an estimated market opportunity of over $11 billion per annum across EMEA. These satellites, together with Avanti s highly resilient Ground Earth Stations and proprietary cloud software management system, are able to deliver levels of performance, service and resilience that have been previously unmatched in the industry. Avanti s growing customer base includes many of the World s leading telecoms and media companies, together with government users with civil and security requirements.