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Avanti debt for equity swap - a near total wipe-out for shareholders

Tom Winnifrith
Wednesday 13 December 2017

Avanti Communications (AVN) the drowning in debt satellite operator, has today admitted that if it does not restructure its borrowings it would be unable to service them. Hence there is a shareholder near wipe-out debt for equity swap planned.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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