Gilat's share price rose 9.1% by mid-afternoon on the TASE today to NIS 14.51, after closing at $3.35 on Nasdaq yesterday, giving a market cap of $138 million.
In a separate development, Gilat today announced that it has received its first order for terminals from one of Europe's largest satellite broadband ISPs to support SES Broadband Services' (SBBS) ka-band consumer services.
FIMI, Israel's largest private equity fund, manages $2.1 billion. It makes financial investments in companies, or acquires the controlling interest in them, creates value in them, and sells them at a profit. Earlier this year, it raised its $850 million fifth fund.
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