Avanti Communications Group PLC announced that, in accordance with the company's previously announced proposed restructuring of its indebtedness on 13 December 2017, it has simultaneously commenced four concurrent and distinct solicitations of consents (collectively, the ‘Consent Solicitations’) from the holders of its 10%/15% Senior Secured Notes due 2021 (the ‘2021 Notes’) and its 12%/17.5% Senior Secured Notes due 2023 (the ‘2023 Notes’) to certain proposed amendments and waivers, as further described below, to the indentures governing the 2021 Notes (the ‘2021 Indenture’) and the 2023 Notes (the ‘2023 Indenture’). The terms and conditions of the 2021 Majority Consent Solicitation and the 2021 90% Consent Solicitation (each as defined herein) are set in a Consent Solicitation Statement and accompanying Letter of Consent, each dated as of the date hereof. The terms and conditions of the 2023 Majority Consent Solicitation and the 2023 75% Consent Solicitation (each as defined herein) are set in a separate Consent Solicitation Statement and accompanying Letter of Consent, each dated as of the date hereof. As of the date hereof, holders representing approximately 80% of the outstanding 2021 Notes and 71% of the outstanding 2023 Notes have entered into a Restructuring Agreement with the company pursuant to which they have contractually agreed, among other things, to validly deliver (and not revoke) their consents in each Consent Solicitation. As of the date hereof, holders representing approximately 80% of the outstanding 2021 Notes and 71% of the outstanding 2023 Notes have entered into a Restructuring Agreement with the Company pursuant to which they have contractually agreed, among other things, to validly deliver (and not revoke) their consents in each Consent Solicitation. Subject to applicable law, each of the Consent Solicitations may be abandoned or terminated for any reason at any time, including after the applicable Expiration Time and prior to the applicable Proposed Amendments becoming operative, in which case any consents received will be voided and, where applicable, no applicable Consent Payment will be paid. The company is seeking consents from holders representing at least a majority (the "Majority Requisite Consents") in aggregate principal amount of 2021 Notes (the "2021 Majority Consent Solicitation") to, among other things: remove from the definition of Events of Default (as defined in the 2021 Indenture) any event that occurs in connection with the implementation of the Restructuring, including (without limitation) an application under Chapter 15 of the U.S. Bankruptcy Code for recognition of an English law scheme of arrangement (the "Scheme"), that would result in an Event of Default under Section 6.01(i) or 6.01(j) of the 2021 Indenture (the "Majority Proposed Amendments"); and irrevocably waive any Default (as defined in the 2021 Indenture) or Event of Default pursuant to Section 6.01(i) and/or 6.01(j) of the 2021 Indenture and rescind any acceleration of the 2021 Notes that may arise in connection with the implementation of the Restructuring (the "Majority Proposed Waiver").