Focus: Mergers and Acquisitions
July 13, 2020
The acrimony between Comtech Telecommunications Corp. and Gilat Satellite Networks over the ongoing acquisition has heated up, as Comtech argues it is not required to close on the acquisition, and Gilat hit back calling for hundreds of millions of dollars in damages if the merger does not go through. Comtech has a pending lawsuit against…
July 9, 2020
Comtech Telecommunications Corp.’s acquisition of Gilat Satellite Networks looks to be in trouble as Comtech has filed a complaint against Gilat alleging its business has taken a major hit, and taking issue with the restructuring of a Russian subsidiary. On Tuesday, Comtech and its subsidiary, Convoy Ltd. filed a complaint against Gilat in the Delaware…
July 8, 2020
Antenna Research Associates (ARA) has completed its acquisition of AQYR Technologies to broaden its business with AQYR's satcom ground terminals. The newly acquired company will operate as a wholly-owned subsidiary of ARA and continue to operate as AQYR Technologies, an ARA company. AQYR Technologies, based in Nashua, New Hampshire, will continue to operate from its site…
July 6, 2020
The United Kingdom is set to take a significant equity share in OneWeb in a groundbreaking deal. On Friday, July 3, OneWeb announced the U.K. government through the Secretary of State for Business, Energy and Industrial Strategy will acquire the company by providing $500 million, with Bharti Global Limited providing another $500 million. The deal…