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GLT Gilat

87.00
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gilat LSE:GLT London Ordinary Share IL0010938228 ORD ILS 0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 87.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Satellite Capacity

05/03/2008 9:30am

UK Regulatory


RNS Number:4002P
Gilat Satcom Limited
05 March 2008



GILAT SATCOM LIMITED


AGREEMENT FOR SATELLITE CAPACITY OVER MIDDLE EAST AND CENTRAL ASIA


Gilat Satcom Ltd. ("Gilat"), the international broadband services company quoted
on AIM (GLT), announced today that it has signed an agreement with New Skies
Satellite BV to renew its satellite capacity lease on NSS-6 satellite. This
capacity will enable Gilat to expand its services over Middle East and Central
Asia, providing internet connectivity to its customers in the region. Gilat will
pay approximately five million USD over three years.

Gilat's Chief Executive Officer, Roy Hess, commented: "The renewal of this space
capacity lease is part of our strategy to expand our global presence and service
offering in the Central Asia and Middle East markets. We see the demand for our
services increasing in these regions and we will provide high quality and
professional service to meet this demand. NSS-6 provides prime capacity for
these regions and together with our professional teams and advanced teleport
network we will be able to expand our business further more".


CONTACTS

Gilat Satcom Ltd.:                                  +972 3 925 5015
Liat Helman, CFO

Seymour Pierce:                                     +44 20 7107 8000
Stuart Lane or John Depasquale






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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