Avanti FY revenues leap 104% to USD 65.6 mln

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Satellite operator Avanti Communications reported preliminary results for its full year to end June, saying revenues jumped 104 per cent year-on-year to USD 65.6 million.

The company was EBITDA positive for the full year, for the first time. It also recorded a backlog of USD 430 million, from 445 million the year before, and USD 195.3 million in cash at year end.

Chairman Paul Walsh said the operator was building a business that could potentially generate over USD 700 million in revenues and over USD 500 million EBITDA annually if the current fleet is filled.

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