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BUZZ-Avanti: plans debt issue to address liquidity needs, shares rally

Reuters - UK Focus

** Satellite communication services provider Avanti Communications shares up 9.5%, best day since August

** Co says begun process to pay debt due in Oct (Shenzhen: 000069.SZ - news) . through debt issue which matures in 2019, to address liquidity issue

** Co sees rev growth 35-40 pct over next 2-3 yrs

** 45% of 30-day avg vol gone through in first hour

** Co put itself up for sale in July (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters.net)