Key Developments For Gilat Satellite Networks Ltd
Gilat Satellite Networks Ltd (GILT.O) (Consolidated Issue listed on NASDAQ Global Market)
Telefonica del Peru Selects Gilat Satellite Networks Ltd. For Broadband Satellite Communications Project Covering More Than 3,500 Sites
Gilat Satellite Networks Ltd. announced that it is providing a Gilat SkyEdge II broadband satellite communications network covering more than 3,500 rural sites nationwide to Telefonica del Peru. Telefonica del Peru is a subsidiary of Telefonica Latinoamerica, one of Latin America's telecommunications operators serving tens of millions of customers in 15 countries. The network will also provide toll-quality telephony to rural populations, enabling them to stay in touch with friends and family worldwide. With optimized Voice-over-IP (VoIP) telephony, SkyEdge II assures voice quality, grade-of-service and efficiency for all telephony needs by guaranteeing bandwidth for the duration of the call and minimizing jitter to deliver toll-grade quality.
Gilat Satellite Networks Ltd. Issues Statement Regarding Lawsuit Filed By Group of Israeli Shareholders
Gilat Satellite Networks Ltd. announced that a lawsuit was filed in the central district court in Israel by eight individuals and Israeli companies against the Company, all of its directors and its 20% shareholder, York Capital Management and its affiliates. The plaintiffs claim damages based on the amounts they would have been paid had a merger agreement signed March 31, 2008 with a consortium of buyers closed. The lawsuit, seeking damages of approximately $12.4 million, is similar to the lawsuit and motion for its approval as a class action proceeding previously filed by the same group of Israeli shareholders in October 2008. That lawsuit and motion was withdrawn by the plaintiffs in July 2009 at the recommendation of the court, which questioned the basis for the lawsuit.
Gilat Satellite Networks Ltd. Chosen By Asian Government Defense Agency To Provide Turnkey Broadband Communications Solution
Gilat Satellite Networks Ltd. announced that it has received a multi-million dollar contract from a government defense agency in Asia, to deliver a turnkey broadband communications solution. Gilat's turnkey solution will integrate a variety of technology platforms and will include its SkyEdge II high performance platform, enabling the delivery of high-speed data, video and voice applications to serve the different units within the organization.
Cable & Wireless Panama Selects Gilat Satellite Networks Ltd. For Broadband Network Solution
Gilat Satellite Networks Ltd. announced it has been chosen by Cable & Wireless Panama (C&W), Panama's telecommunications operator, to provide a SkyEdge II high-performance network that will be used to deliver broadband Internet to hundreds of schools in remote areas nationwide. As part of the solution, Gilat will provide equipment, technical support, assisted network operations, and training. The new network will enable students in Panama's remote areas to enjoy an enhanced educational experience through interactive learning programs and other Internet applications.
Gilat Satellite Networks Ltd. Deploys Broadband Satellite Internet Service For Passengers Of Kazakhstan's National Railway
Gilat Satellite Networks Ltd. announced the successful deployment of a broadband satellite internet service for passengers of Kazakhstan Temir Zholy, the national railway company of Kazakhstan. Gilat's VSAT platform was installed on the Tulpar serving the 1,300 km route between Almaty and the capital city of Astana.
