Avanti Communications Group PLC announced earnings guidance for the year ending June 30, 2018. For the year, the company expects revenue for the current financial year will not be less than $50 million. In addition, there is a large infrequently recurring transaction in the pipeline that, if it closes, would add a further $40 million to Group revenue, with $18 million of associated costs. With effect from the end of the current financial year, the company expects substantial growth in revenue driven off the introduction of HYLAS 4 to the fleet opening up new markets in sub-Saharan Africa. Capital expenditure of $117 million expected for the fiscal year ending 30 June 2018 primarily relates to the launch of HYLAS 4. This represents an increase from the $92 million capital expenditure expected for the fiscal year ending 30 June 2018 that was reported in the company's update on outlook on 20 December 2016. This increase is due to the phasing of the expenditure with less spent in the fiscal year ended 30 June 2017 than was forecast at that time.