Avanti Communications (LON:AVN) - The truth will out

Wednesday, Mar 23 2011 by

Mar 23rd 2011 - Equity Development today published a report on Avanti Communications (AVN.L, LSE:AVN, LON:AVN) entitled "The Truth Will Out". In summary, the report says:

Avanti Communications is the only licensed Fixed Satellite Services operator headquartered in the UK. Avanti sells satellite broadband services to telecoms companies which use them to supply residential, enterprise and institutional users. Avanti?s first geostationary satellite, HYLAS 1, is the first superfast broadband satellite launched in Europe.Despite the successful launch of HYLAS 1 in November 2010 and the completion of formal in-orbit testing earlier in March 2011 ? in the course of which the satellite was found to have exceeded specification in a number of parameters ? the Avanti share price performance has been disappointing recently. This can be traced to a number of bearish issues circulating which on closer inspection are seen to be inaccurate and in some cases...

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