[Satellite Today 01-05-09] Gilat Satellite Networks announced a new pact with the Colombian Ministry of Communications that will resolve standoff between the two parties, resulting in the release of about $24 million worth of Gilat stock over 2009 and 2010, Gilat announced Dec. 31.
The pact addressed Gilat’s loss of about $3 million per quarter from the prior pact with the Colombian government.
Other financial details of the pact were not disclosed.
Gilat Resolves Stock Dispute with Colombian Government
Eutelsat to Bring LEO Services to Portugal’s MEO Telco
Eutelsat has signed a deal with MEO, one of Portugal’s biggest telecoms operators to bring LEO services to customers in Portugal. The two companies announced the deal, Sept. 23. MEO […]
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