The company will supply Optus with two more SkyEdge satellite hub stations and thousands of VSATs.
Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) will supply Australian communications operator Optus Ltd. with two more SkyEdge satellite hub stations and thousands of very small aperture terminals (VSATs). The company did not disclose the size of the deal.
Gilat noted that Optus deployed one of the first SkyEdge networks and has since expanded it several times. With this latest expansion, Optus will operate one of the world's largest Gilat satellite hub installations comprising more than 20,000 Gilat VSATs to serve a wide range of corporate, government and residential customers.
Gilat closed at $10.55 on Nasdaq yesterday, giving a market cap of $408 million. The share fell 1.4% at the opening on Nasdaq today, and rose 0.1% on the TASE.
Published by Globes [online], Israel business news - www.globes-online.com - on December 11, 2007
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