Share Prices & Company Research

Market News

14 Aug 2018 | 13:14

Avanti Communications banks $20m payment from Indonesia government

Avanti Communications Group confirmed that it had received the full $20.1m outstanding payment from Indonesia, related a positive ruling in the London Court of Arbitration.

'We thank the government of Indonesia for its payment of the outstanding sum ... following our earlier support of Indonesian satellite communications plans which utilised our now decommissioned Artemis satellite,' chief executive Kyle Whitehill said.

'With this issue resolved and HYLAS 4 about to come on-stream, Avanti goes forward.'

At 1:14pm: (LON:AVN) Avanti Communications Group PLC share price was +0.5p at 5.87p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.