CEO Yona Ovadia said Gilat had $104 million on hand as of Dec. 31 and will have sufficient resources for significant financial plays even after subtracting the dividend.
As governments, companies and everyone in between prepare to trade out 4G wireless infrastructure for 5G, questions linger about what the transition will entail.
Every three to four years, spectrum regulators convene to set rules on the use of the world’s limited radio frequency resources at an event known as the World Radiocommunication Conference. Next year the United States’ recently formed National Space Council will attend to defend the interest of American satellite companies and influence changes in international space policy.
The introduction of 5G services will bring users globally the ability to have true anytime, anywhere capabilities to support a myriad of user devices and applications never imagined.
“It’s not possible for Intelsat to trade anything they they don’t own,” Thomas Choi, Asia Broadcast Satellite (ABS) chief executive, said Oct. 3. “Many operators, including SES, Eutelsat and even ABS have C-band rights over North America. We would never agree to trade that.”
The mobile network operators that strove with limited success to obtain large chunks of C-band spectrum two years ago in Geneva will try again in 2019 to secure more spectrune future 5G networks.
ESA’s director of telecommunications and integrated applications, Magali Vaissiere, joined 16 European satellite industry leaders at the Paris Air Show June 21 to sign a joint statement on collaborating on the Satellite for 5G initiative. 5G networks will offer extremely low latencies and high capacity, enabling widespread deployment of Internet of Things technologies including autonomous cars, connected factories and smart infrastructure.