[Satellite TODAY 08-24-10] Gilat Satellite Networks will receive $24 million in cash for its stake in health information provider Axolotl, which is being acquired by health information technology company Ingenix, Gilat announced.
In 1999, Gilat invested about $4.5 million in Axolotl and wrote off the investment during the global economic downturn in 2001.
The Israeli company said it may also receive an additional $3 million in one year under the terms of the Axolotl sale.
Gilat Satellite Sells Health Information Investment for $24 Million
ESPI Calls for Stronger European Controls for MSS Spectrum
As Europe plans to reserve a portion of its mobile satellite services (MSS) spectrum authorization for European operators, a European think tank argues it should go further and maximize European […]
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ConnectivityEuropean MNOs Team Up for MSS D2D Spectrum in Europe
