Avanti wants to de-list from London Stock Exchange, citing high cost, low liquidity; seeks to defer ESA payment

by Peter B. de Selding

MARGARETVILLE, NY — Long-struggling satellite fleet operator Avanti Communications Group plc said it is de-listing from the London Stock Exchange, saying the listing consumes too much management time and costs $500,000 a year while offering little liquidity to shareholders.

Assuming shareholder approval, Avanti will be the third satellite telecommunications fleet operator in recent months to leave the stock market, after London-based Inmarsat and, more recently, AsiaSat of Hong Kong.

The owners of all these companies have concluded that a share . . .

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