Latest News

Gilat Resolves Stock Dispute with Colombian Government

By | January 5, 2009

      [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.

      Leave a Reply