Avanti looks to raise US$50m by selling equity but is also open to a larger transaction

by | Jul 13, 2016 | Finance | 0 comments

London-based regional satellite operator, Avanti Communications Group plc, announced on 11 July 2016, that it was to begin discussions with potential investors in order to raise at least US$50 million to meet upcoming costs.

The company then went a step further and released a statement declaring that a formal sales process, as required under UK law, had been begun opening the door for possible mergers with a third-party company or a direct buy-out.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

Ariane 5 flies dual satellite mission as both Arianespace and SpaceX learn lesson from Spaceflight Industries

At 1930 GMT, on 6 August 2019, an Arianespace Ariane 5 heavy-lift rocket lifted-off from Kourou, French Guiana, carrying two Read more

Back in play: Ariane 5 has successful launch of DSN-1/Superbird 8 and Hylas 4

In a successful return to flight following a trajectory error on the previous launch, an Ariane 5 ECA successfully placed Read more

Avanti loses its leader David Williams in bid to survive

The London-based regional communications satellite operator, Avanti Communications Group, which operates a small fleet of satellites providing broadband services over the "Mediterranean region" Read more

FARNBOROUGH: SHORT NOTES – Vega’s lifting power to rise, SSTL and MDA get payload contracts

Enrico Sargesse, Director General of the Italian Space Agency ASI noted in his presentation that Vega's payload is to be Read more

UK Government gives £6 million grant funding for UK Space technology projects

The UK Government, via the UK Space Agency and the Technology Strategy Board, is to grant nearly £6 million to Read more

Newspace fundraising for Pixxel and Synspective in March

Pixxel Space an Indian newspace company announced the closing of a Series A funding round on 28 March. This raised Read more

Greg Wyler’s new constellation project secures seed funding and launch for first demo sats

Noted space industry entrepreneur Greg Wyler (whose track record in this field includes founding the O3b and OneWeb projects) has Read more

Terran Orbital completes SPAC merger and earlier received 42 sat order from US SDA

Terran Orbital Corporation (Terran Orbital) announced that it had completed its SPAC merger on 25 March and expected to begin Read more