As a brief follow-up to my recent commentary on Avanti's interims, from today's FT - Small-cap week:-
"Avanti Communications rallied 7.6% after the satellite operator, which has regularly been a target for short sellers, announced a three-year agreement to supply bandwidth to Vodafone.
Analysts at Natixis said the deal hinted at "enormous potential" demand from mobile operators as well as "substantially" boosting Avanti's sales, which it forecast to rise from $20m in the first half of 2014 to $45m in the second half."
The Vodafone contract has come hot on the heels of encouraging interims where revenues had increased by 81%, and it would appear that sales momentum is truly gathering pace.
In fact on Friday this appeared on the official website:-
http://avantiplc.com/news-media/pressreleases
"Multi-million dollar partnership will extend broadband coverage to thousands in Burundi"
It will be interesting to see if Avanti announce further lucrative contracts in the near future.
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