Avanti Chief Executive David Williams told investors that the previously promised 35 percent annual growth in revenue faced headwinds following Avanti's 2016 restructuring and softer-than-expected market conditions in Africa. Credit: Sky News via Youtube.
WASHINGTON — Satellite fleet operator Avanti Communications is reporting continued declines in average bandwidth prices in Africa for the six months ending Dec. 31 as well as headwinds related to the company’s mid-2016 strategic review.
The review, during which London-based Avanti considered selling itself, was concluded instead with a new debt offering and an agreement by Avanti bondholders to forgo . . .
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