Avanti Communications wins case against Indonesian Government

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Avanti Communications wins case against Indonesian Government

Satellite data specialist Avanti Communications (LON:AVN) has won its case against the Indonesian Ministry of Defence to recover sums payable for the lease of its ARTEMIS satellite. The arbitration tribunal has ordered that the company be paid US$20.07 million by the end of July.

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The share price of Avanti Communications has been highly volatile today, but as at 1415 BST, it was up by 2.70% at 5.34p.

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