Gilat
Comtech rejects $790 million takeover offer
Satellite communications equipment maker Comtech Telecommunications said Jan. 25 it has rejected a $790 million offer to take over the company.
German launch startups win DLR funds • Comtech wants out of Gilat merger • ClearSpace forming debris removal team
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TOP STORIES
Spire, Kleos Space partner on maritime tools • Brazilian court blocks SGDC-2 acquisition • Gilat revenues down but profits up
Spire and signal-mapping company Kleos Space have teamed up to develop maritime safety tools focused on detecting “dark vessels” from space.
Gilat issues $25 million dividend while pumping R&D
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.
FIRST UP Satcom | Viasat wins $122.5M FCC subsidy • Gilat suppling ground equipment for Yamal-601 • Avanti eyes DoD business with Comsat
FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals.
FIRST UP Satcom | India to reduce foreign satellite use • Boeing revenues up • Facebook internet satellite in the works
FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals.
Gilat courts mobile telcos with self-funded satellite networks
Satellite hardware and network builder Gilat of Israel, seeking to interest cellular operators in expanding their reach by satellite, is pressing forward with a strategy of building the entire network for them in exchange for multi-year commitments to pay for the service.
SES announces Facebook order for African satellite capacity
Satellite fleet operator SES on April 27 said Internet social-media giant Facebook had leased capacity on three in-orbit SES satellites to provide Wi-Fi connectivity in sub-Saharan Africa.
Gilat Hit by Delays in U.S. Government Contracts
Satellite broadband ground hardware manufacturer Gilat Satellite Networks on Aug. 12 reported lower revenue and profit, saying expected U.S. government contracts had not materialized and that commercial business was also slow in coming.
Gilat CEO Steps Down as Firm Looks Beyond DoD for Business
Gilat’s second senior management change this year comes as the satellite terminal manufacturer shifts its focus from military markets to faster-growing commercial businesses
