Avanti revenues to reach USD 15.5 mln in Q3

Thursday 13 November 2014 | 13:24 CET | News
Satellite operator Avanti Communications gave a trading update for its third quarter, saying revenues are within guidance at USD 15.5 million. The EBITDA loss is at USD 2 million, with cash at the end of the quarter amounting to USD 14.3.2 million. Avanti said it signed 22 new contracts during the quarter, with 16 returning customers and significant progress within the large scale African education market. The company now has a total of 149 customers.

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