Gilat Satellite Networks Ltd (GILT)

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Azercosmos and Gilat Sign Partnership Agreement to Offer
Managed Services on Azerspace-1

Baku, Azerbaijan, December 03, 2014 – Azercosmos Open Joint Stock Company (OJSCo), the premier satellite operator in the Caucasus, and Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Azercosmos OJSCo and Gilat have signed an agreement to use the SkyEdge II-c network for multi-application satellite managed services for Azercosmos’ customers.

"Our Azerspace-1 satellite reaches a customer base spanning Europe, Africa, the Middle East, Central Asia and the Caucasus," pointed out Rashad Nabiyev, CEO of Azercosmos. “We appreciate the multi-application nature of Gilat’s SkyEdge II-c platform, which enables us to target a diverse set of markets including broadband, mobility and cellular backhauling.”

“We are pleased to have been selected by the leading satellite operator in Azerbaijan and the Central Asia region,” commented Erez Antebi, Gilat's CEO. "We are proud to be working together with Azercosmos to bring advanced communication services to the Consumer, Enterprise and Government sectors.”