MANCHESTER, England — Satellite fleet operator Avanti Communications reported a 30% decline in revenue for the three months ending March 31 compared to the same period a year ago, citing continued headwinds in Africa in addition to “Brexit and industry volatility.”
London-based Avanti, whose Ka-band broadband portfolio is heavily focused on Africa, said its current four-satellite fleet was 30-35% full as of March 31, flat from where it was as of Dec. 31, 2016.
In a May 31 note to investors, Avanti said it had booked . . .
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