WASHINGTON — British satellite operator Avanti has no plans to relist on public markets anytime soon, focusing instead on streamlining costs while finding customers for its underutilized fleet of three satellites and two payloads. Avanti removed itself from the London Stock Exchange in September 2019, saying the regulatory costs outweighed […]
Hylas
12 posts
To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. TOP STORIES Isotropic Systems has completed two-way communications tests of its electronically steered antenna using Avanti’s Hylas-4 satellite. The tests, announced Nov. 12, included voice calls, online gaming, emails and other transfers of digital traffic. […]
SANTA BARBARA — British satellite operator Avanti, whose revenues have declined since 2015, said it has rewritten its business plan to make consumer broadband a smaller portion of overall revenues. Selling capacity to other satellite operators is now one of Avanti’s main priorities, followed by selling to the U.S. Defense […]
To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. TOP STORIES Hispasat’s buyer Red Eléctrica Corporación has secured a 500 million euro ($564.7 million) credit line intended to partly finance its purchase of the Spanish satellite operator. Red Eléctrica said the credit line, formalized June […]
WASHINGTON — British satellite operator Avanti obtained a credit facility worth $55 million as it awaits the launch of a hosted payload now set to launch in July. Avanti, in a May 28 filing with the London Stock Exchange, said the credit facility is for a two-year period through which […]
To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. TOP STORIES Ground-based telescopes in Spain identified 40 to 60 pieces of debris after the Atlas 5 rocket stage fragmented. Credit: Deimos Sky Survey The upper stage of an Atlas 5 rocket left in space […]
To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. TOP STORIES Viasat will receive $122.5 million in U.S. federal subsidies through the Connect America Fund, and is tasked with providing internet access to more sites than any of the other funding recipients. The Federal […]
To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. TOP STORIES Globalstar called off a merger orchestrated by owner Thermo Capital that would have combined the satellite operator with a Thermo Capital-owned landline company. The $1.65 billion arrangement was initially expected to close this […]