Israel-based specialist satellite communications company Gilat, which had hoped to see itself merged by now with Comtech Telecommunications, has reported its Q3 numbers saying its revenue was negatively impacted by the ongoing pandemic, and even more so by the litigation with Comtech. Comtech has agreed to pay Gilat $70 million for terminating its merger commitment. […]
Israel’s Gilat and satellite operator SES have extended their existing technology relationship with a “multi-million-dollar follow-on order” for high-speed modems. Gilat’s modems will deliver multi Gb/s throughput, targeting high-end services over SES’s O3b and O3b mPOWER MEO satellite constellation. Gilat’s high-throughput modems will support SES in delivering fiber-equivalent services for government and high-end enterprise solutions. […]
SES has signed Gilat and ST Engineering iDirect as its latest technology partners on its O3b mPower satellites. This means that Gilat and ST Engineering’s ‘next generation’ modems will be developed for use on the satellite operator’s O3b mPower craft. SES says Gilat and ST Engineering iDirect were selected based on their next-generation modem technologies. […]
Satellite networking technology specialist Gilat Satellite Networks has successfully demonstrated carrying 5G traffic with what it says is “outstanding performance” over operator Thaicom’s GEO HTS satellite. With this successful demonstration, Gilat’s cellular backhaul solution is declared operational and ready for implementation in the 5G architecture. According to Gilat, superior user experience was recorded using its […]
If there’s one vital component that Elon Musk and the likes of Jeff Bezos as well as Telesat, OneWeb and others need it’s a low-cost consumer friendly phased array flat-panel antenna. Yoel Gat, founder of Gilat Satellite Networks (and now CEO at SatixFy, a designer of flat-panel antennas) says that the dream of a sub-$300 […]
Comtech Telecommunications and Gilat Satellite Networks have agreed to terminate the merger agreement first announced on January 29th 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of $70 million to Gilat. The merger termination and […]
Israel-based Gilat Satellite Networks has reported Q2 revenues of $38.3 million – down 36 per cent on the same period last year. The company also confirmed that the purchase of Gilat by Comtech Telecommunications remains at considerable risk. Gilat and Comtech are involved in litigation against each other. The purchase was originally priced at $50 […]
Comtech’s plan to buy Israel-based Gilat Satellite Networks for $532 million (€470m) has hit a snag. The deal (70 per cent in cash and 30 per cent in Comtech Telecommunications common stock) was first announced by the pair in January. The obstacle is fairly fundamental and sees Comtech filing a formal complaint against Gilat (in […]