Gilat Satellite Networks Ltd (GILT)

[pagello]

Things may be happening here...soon

[Huntewr7]

Things may be getting active here with the service contracts in S. America.

[PennyWorld]

BULLISH.... Gilat Satellite Networks was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 72,600 shares, a decline of 47.6% from the April 30th total of 138,500 shares. Approximately 0.3% of the company's stock are short sold. Based on an average daily volume of 432,200 shares, the short-interest ratio is presently 0.2 days.

[Alvie]

Market Chatter: Gilat Satellite in Advanced Talks to Be Acquired for $579 Million
BY MT Newswires
— 3:11 AM ET 01/21/2020

03:11 AM EST, 01/21/2020 (MT Newswires) -- Israel-based Gilat Satellite Networks ( GILT) is in advanced talks to be acquired by a "large multinational" for NIS2 billion ($578.6 million), the newspaper Calcalist reported Sunday, citing two people familiar with the matter.
The deal's value reflects a 25% premium above the price the stock began trading at Sunday in Tel Aviv, according to the report.
The company's stock closed at $9.15 on Nasdaq on Friday and was trading 4.3% higher after hours.

[Alvie]

Market Chatter: Gilat Satellite in Advanced Talks to Be Acquired for $579 Million
BY MT Newswires
— 3:11 AM ET 01/21/2020

[whytestocks]

News: $GILT Gilat Reports Strong Growth in Q3 2019

GAAP Operating Income Increases 43.1% sequentially; Adjusted EBITDA reaches double digits totaling $10.1 million Gilat wins coveted deal for SES O3b mPOWER MEO Communications System PETAH TIKVA, Israel, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: ...

Got this from GILT - Gilat Reports Strong Growth in Q3 2019

[fivexshot]

$GILT$ = Whopping .45 cent a share DIVIDEND!!!

[fivexshot]

A very positive and robust GILT 'Annual Report' (Q-4), will be released tomorrow morning.

All indications are that the numbers will be stellar.

09:30 EST

I'm expecting a run on earnings... Near term target: $9.00 if everything comes out as good as I think & hope that it will. Their new contracts over the past year have been both numerous, and colossal in money figures.

WallStreet has got to take notice of this little undervalued company.

Go GILT!!!

[fivexshot]

Gilat's "SattComm".... Protecting Israel (from above), right now!

[fivexshot]

Catty,

Good fortune to you as well.

[catty]

five; thx and good luck to u

[fivexshot]

It's okay. You found a good stock, and a good forum by accident.

[catty]

five - sorry you're so right I thought I was posting on GILD

[fivexshot]

What new drug?!

This is a satellite company thread.

LOL...

[catty]

five: I was talking about the new drug, so I don't understand your message

[fivexshot]

I think you posted on the wrong thread?

GILT isn't on life support, it's running on multimillion $$$ contracts, and steroids!

LOL

[catty]

One big concern seems to be will insurance companies cover payment of the $350K cost. However when you consider this is only a time treatment compared to the cost of surgery, and ongoing chemo and radiation. It might even up cheaper.

[fivexshot]

Bam! Elevator UP!!!

[fivexshot]

I'm looking for a big breakout in GILT's share price next week (after hurricane Irma does it's damage). Communication is paramount to fast, effective reconstruction and replacement.

Boats, yachts, harbor salvage vessels, building crews, etcetera, WILL ALL be needing to "GILT up" as Irma & Harvey repair and insurance costs kick in!

Add that, to the already increasing quarterly revenues and EPS for this company, and... BAM!!!

>>> Increased valuation <<<

[fivexshot]

Very bullish on GILT going forward... Their tech is in position to pay off, and is now doing so!

Increasing revenues and increasing EPS quarter after quarter, expected. This is the new base at $5.50 SH to $6.00 SH (communication is a necessity in today's world), Gilat produces.

Long GILT from here, and I'm hoping that I get lucky enough to scoop more up at the five line.

A good company with undervalued stock, NOT a fine mess... Get in before the herd.

[bobknows]

What do you think of this...

http://www.yippyinc.com/satellite-solutions

Satellite is coming of age very soon... Gilat ??

[midastouch017]

Gilat Announces Availability of Mobility-Ready Solution for On-the-Move Applications on Land, Sea and Air

Mobility service providers to benefit from a new level of spectral efficiency and availability with performance speeds reaching 400Mbps

PETAH TIKVA, Israel, March 06, 2017 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (GILT) (GILT), a worldwide leader in satellite networking technology, solutions and services, announced today the availability of its revolutionary mobility solution for its multi-application SkyEdge II-c platform. The comprehensive mobility feature-set supports unprecedented spectral efficiency and availability while delivering throughput of up to 400Mbps.

Gilat’s multi-application platform powered by its distributed X-Architecture is now optimized and enhanced to meet the most challenging satellite mobility communication requirements. SkyEdge II-c, already successfully deployed worldwide, is now available with new mobility technologies including unprecedented throughput, significant bandwidth efficiency, highest service availability and substantial operational advantages.

Gilat’s Taurus and Capricorn family of VSATs achieve unprecedented throughput reaching up to 400Mbs while enabling transmission at supersonic speeds with Doppler timing compensation. SkyEdge II-c VSATs are powered by a multi-core ARM CPU and deliver excellent user experience over satellite.

The SkyEdge II-c platform is being enhanced with the latest generation wideband DVB-S2X outbound standard. Gilat is introducing unique true real-time resilient adaptive LDPC inbound TDMA waveform, which enables significant savings of satellite bandwidth costs while delivering highest service availability. Gilat’s innovative implementation delivers exceptional spread-spectrum transmission performance, enabling high on-the-move service availability even in the most extreme conditions. The platform is built to deliver maximum space segment efficiency via its true dynamic link adaptivity in the return channel. This is achieved by changes to the carrier symbol rate and ModCod per VSAT on a per time-slot basis.

Operational benefits are provided via Gilat’s leading TotalNMS, which includes a comprehensive set of mapping tools delivering mobility services to a configurable geographic service area, with automatic beam switching. Global bandwidth management is supported by Gilat’s innovative Cloud Quality of Service (QoS), enabling service providers to provision and manage bandwidth across multiple teleports, satellites and user beams from a central NMS.

“Gilat’s leading SkyEdge II-c mobility offering has been designed to address the new requirements of In-Flight Connectivity (IFC), maritime and land mobility applications that are now possible with global large scale HTS and VHTS,” said Hagay Katz, Head of the VSAT Line of Business at Gilat. “With this innovative development, Gilat is leapfrogging current market solutions with the most advanced next generation mobility platform for which we are already seeing significant industry embracement.”

[midastouch017]

Gilat and Hughes to Unveil High Performance Dual-Band Aero Antenna for In-Flight Connectivity (IFC) at Satellite 2017


PETAH TIKVA, Israel and GERMANTOWN, Md., March 02, 2017 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (GILT) (GILT), a worldwide leader in satellite networking technology, solutions and services, and Hughes Network Systems, LLC (HUGHES), an EchoStar company (SATS) and the global leader in broadband satellite technology networks and services, today announced a new high-performance dual Ka- / Ku-band aero antenna agnostic to the underlying VSAT modem technology and service platform. The companies have been working together for nearly two years on the development of the antenna, which will be unveiled on the first day of the Satellite 2017 show.

The new antenna from Gilat and Hughes supports both Ka- and Ku-band on a single antenna platform while affording favorable weight and drag characteristics versus the use of two separate antennas. The dual band capability enables continuous broadband connectivity for commercial aircraft traveling air routes that require a combination of Ka and Ku coverage to serve the full air route. The antenna further meets the volume requirements for radome line-fit installations on both Airbus and Boeing aircraft, while optimizing its aperture size under the available volume.

Gilat and Hughes are both offering the antenna to their respective customers integrated with their own aeronautical VSATs. The antenna was developed in accordance with Hughes’ RF and technical specifications and is compliant with open-standard specifications. As such, it is fully interoperable with any aero modem. As part of the Gilat -- Hughes partnership, Gilat is responsible for the development and manufacturing of the antenna as well as the KRFU (RF unit) and KANDU (networking data unit) and related Part Manufacturing Authorization (PMA) licensing. Both companies are pursuing multiple Supplemental Type Certification (STC) partnerships with their customers.

“The Gilat/Hughes partnership has resulted in one of the most innovative development projects in the global IFC space,” said Michael (Miki) Barak, VP Mobility Division, at Gilat. “The antenna development is based on our long standing expertise in mobile satellite antennas and our industry leading aero transceivers and plays a key part in Gilat’s IFC strategy. We believe that the antenna will enable IFC service providers to select the most efficient satellite solution for global connectivity well into the future.”

“The new dual band aero antenna is a valuable and important addition to our global aeronautical system” said Paul Gaske, Executive Vice President, North America at Hughes. “With this new antenna, airlines will now be able to enjoy uninterrupted connectivity for even the most challenging air routes that span geographies that are not served by a single satellite frequency band. This includes most trans-oceanic routes as well as major continental regions of the world such as Latin America, Asia and even Europe. The new dual band antenna is a key component of our global aeronautical system and it will enrich our IFC offering worldwide.”

About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet®, the world’s largest satellite network with over 1 million residential and business customers across North America and Brazil. For large enterprises and governments, the company’s HughesON® managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies. The JUPITER™ System is the world’s most widely deployed High-Throughput Satellite (HTS) platform by leading providers operating on more than 20 satellites, as well as mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million satellite systems to customers in over 100 countries, representing approximately 50 percent market share.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes operates sales and support offices worldwide, and is a wholly owned subsidiary of EchoStar Corporation (SATS), a premier global provider of satellite operations. For additional information about Hughes, please visit www.hughes.com and follow @Hughes_Corp on Twitter.

[midastouch017]

Gilat Announces Availability of Ultra-Compact, High Throughput SATCOM Terminal for Unmanned Aircraft Systems (UAS)


Miniature lightweight BlackRay 72Ka terminal enables long-endurance missions for very small UAVs

PETAH TIKVA, Israel, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (GILT) (GILT), a worldwide leader in satellite networking technology, solutions and services, announced today the commercial availability of an ultra-compact airborne SATCOM terminal for unmanned aircraft systems delivering exceptional throughput for its size.

Tactical, long-endurance unmanned aircraft systems (UAS) are commonly used to gather and send intelligence, surveillance, and reconnaissance (ISR) information to ground stations in real time. Reliable, high-performance satellite communications are crucial for ensuring uninterrupted broadband connectivity in beyond line-of-sight (BLOS) missions.

The newest in Gilat's field-proven family of unmanned aerial terminals, BlackRay 72Ka combines high performance and throughput with a minimal footprint. Weighing less than 5Kg. (11lbs.), the compact BlackRay 72Ka terminal is an ideal solution for even very small-unmanned aerial vehicles (UAVs).

The miniature BlackRay 72Ka is specifically designed to operate with the new generation of Ka-band high throughput satellites (HTS), supporting outstanding data speeds of up to 2 Mbps for any IP-based voice, video or data BLoS application. This highly integrated terminal comprises best-of-breed VSAT technologies developed and manufactured by Gilat.

The BlackRay 72Ka terminal provides full-duplex satellite communication, linking the UAS to its ground control station. The forward link provides command and control capabilities, while the return link transfers sensor data.

"Gilat's unmanned SATCOM solutions enable customers to fully exploit the operational range of the UAS for both commercial and military applications," said Michael (Miki) Barak, VP Mobility Division, at Gilat. "Our new BlackRay 72Ka terminal addresses the tactical need for reduced size and weight, helping to increase mission effectiveness. The system's tiny dimensions enable BLOS operations for the smallest UAS platforms, with remarkable data speeds needed to support real-time downloads of high resolution images."

[midastouch017]

SES and Gilat Join Forces to Make Connectivity at Sea More Accessible

LUXEMBOURG and PETAH TIKVA, Israel, Feb. 15, 2017 (GLOBE NEWSWIRE) -- SES S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG) and Gilat Satellite Networks (GILT) (GILT) today announced a strategic collaboration focused on delivering affordable connectivity to a broad range of small ships and vessels left underserved at sea in the Caribbean and beyond.

Set for commercial launch in April 2017, the plug-and-play platform is the latest offering within the SES Maritime+ service, which was first introduced late last year. The new collaborative solution bundles Gilat’s MarineRay 60P all-in-one Ku-band maritime VSAT (very small aperture terminal) antenna package with SES’s tailored maritime capacity on both wide beam and upcoming high throughput satellite (HTS) capacity to help small yachts and ship operators break through barriers to entry.

Until now, the cost of antennas, installation, satellite capacity, and fleet and network management has kept many small vessels out of the VSAT market and unable to access high-speed connectivity to link crews and entertain passengers. The SES Maritime+ solution eliminates these constraints with affordable equipment, bandwidth, installation and network management pricing for operators of even the smallest of fishing boats and yachts.

The collaborative solution, sold through a network of authorised dealers across the globe, will be available first to small yachts and vessels traversing Caribbean waters, followed by small craft operating in the Mediterranean Sea, North Sea, and ocean waters throughout Southeast Asia.

“This collaborative breakthrough is all about leveraging and utilising SES’s robust and diverse network of satellite capacity and Gilat’s all-in-one VSAT terminals to make high-speed, high quality connectivity much more accessible to even the smallest maritime operators. There are hundreds of thousands of small fishing and cargo vessels that simply haven’t been able to offer affordable high-speed internet access to their crews and passengers – until now,” explained Elias Zaccack, SVP of Global Mobility and the Americas Region for SES. “SES’s Maritime+ regional offering makes access to connectivity at sea easier and more affordable than ever before.”

“This first Maritime+ regional agreement between Gilat and SES is opening access to high-speed maritime connectivity to small vessel operators throughout the Caribbean. Our MarineRay all-in-one terminal package in combination with SES’s wide beam and HTS capacity is a game changer for operators of small yachts and ships who’ve been left behind and underserved in the Caribbean and other vital maritime regions,” noted Ron Levin, Director Strategic Accounts at Gilat Satellite Networks. “This initiative is in-line with Gilat’s strategic direction of bringing affordable broadband to underserved markets on the ground, in the air, and now - at sea.”

About SES

SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in four key market verticals (Video, Enterprise, Mobility and Government). It provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions, and businesses worldwide. SES’s portfolio includes the ASTRA satellite system, which has the largest Direct-to-Home (DTH) television reach in Europe, and O3b Networks, a global managed data communications service provider. Another SES subsidiary, MX1, is a leading media service provider and offers a full suite of innovative digital video and media services. Further information available at: www.ses.com

For further SES information please contact:
Markus Payer
Corporate Communications
Tel. [phone]
[e-mail]

Follow SES on:
Twitter: https://twitter.com/SES_Satellites
Facebook: https://www.facebook.com/SES.YourSatelliteCompany
YouTube: http://www.youtube.com/SESVideoChannel
Blog: https://www.ses.com/news/blogs
SES White papers are available under https://www.ses.com/news/whitepapers

[midastouch017]

Gilat Reports Profitable Fourth Quarter 2016 Results;
Full Year Revenue Grew to $279.6 Million, with Significant
Increase in Profitability

GAAP Operating Income was $0.8 million; Adjusted EBITDA reached $19.2 Million

Petah Tikva, Israel – February 14, 2017 – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the fourth quarter and full year ended December 31, 2016.

Key Financial Highlights:
·
Revenues for Q4 2016 increased 19% to $80.3 million from $67.7 million in Q4 2015.

·
Full year 2016 revenues totaled $279.6 million, an increase of 42% from $197.5 million in 2015.

·
Profitability continued to improve:

o
Q4 2016 GAAP operating income reached $6.5 million and non-GAAP operating income was $9.0 million.

o
Full year 2016 GAAP operating income was $0.8 million and non-GAAP operating income was $11.7 million.

o
GAAP net income for Q4 2016 was $4.5 million, or $0.08 per diluted share, non-GAAP net income was $7.0 million, or $0.13 per diluted share.

o
GAAP loss for full year 2016 was $5.3 million, or $0.10 per diluted share. Full year 2016 non-GAAP net income was $5.6 million, or $0.11 per diluted share.

o
Adjusted EBITDA for Q4 2016 was $10.8 million.

o
Full year 2016 Adjusted EBITDA reached $19.2 million compared with Adjusted EBITDA of $6.1 million in 2015.

·
Management objectives for 2017: revenues between $280 to $300 million, GAAP operating income between $4 and $8 million, and Adjusted EBITDA of between $20 and $24 million.

“I am pleased to report Gilat's positive results in the fourth quarter and for full year 2016,” said Yona Ovadia, CEO of Gilat. "We made progress in our broadband and In-Flight Connectivity (IFC) growth engines and continued to invest in our technology leadership, while keeping profitability improvement as a high management priority. As a result, we achieved a profitable fourth quarter along with full-year Adjusted EBITDA within the range of our 2016 management objectives, despite ongoing headwinds in Latin America and a slowdown at the end of the year in our Peru project.

3
“In Q4, as part of our broadband strategy, we are pleased to have made progress also in affordable broadband to consumers, as we recently won Tricolor TV, the largest DTH (Direct-to-Home) provider in Russia, who plans to include our unique world’s first all outdoor Scorpio VSAT. In mobility, our technology continues to be chosen for In-Flight Connectivity (IFC) as reflected in our strategic partnership with Air Esurfing, an Air Media wholly owned subsidiary in China, to deliver broadband connectivity to airlines throughout China. We were also awarded a joint R&D project with Airbus for the development of a fully integrated Electronically Steerable Antenna (ESA) aero terminal based on our leading phased array technology.

“Our management objectives for 2017 are a continuation and acceleration of our achievements in 2016. Our objectives are for revenues between $280 to $300 million, GAAP operating income between $4 and $8 million and Adjusted EBITDA of between $20 and $24 million, which reflect a high management priority on profitability, in parallel with continued focus on our broadband and mobility growth engines, via maintaining product innovation and leadership.”

Key Recent Announcements:
·
Gilat Awarded a Clean Sky 2 Call to Develop Electronically Steerable Antenna (ESA) for In-Flight Connectivity (IFC) for Airbus Technology Demonstrator

·
Gilat to Supply Broadband Consumer VSATs for the Joint Service of Tricolor TV and Eutelsat Networks

·
Gilat and Air Esurfing Announce a Strategic Collaboration to Provide In-Flight Connectivity (IFC) for China’s Domestic Airline Market

Conference Call and Webcast Details:
Gilat management will host a conference call today, February 14, at 14:30 GMT / 09:30 AM EST / 16:30 IST to discuss the fourth quarter and full year results. International participants are invited to access the call at (972) 3-918-0610, and US-based participants are invited to access the call by dialing 1-888-407-2553.

A simultaneous Webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link:
http://www.veidan-stream.com/?con=Gilat_Satellite_Networks_Q4_2016_Results

The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.

Conference Call Replay
A replay of the conference call will be available beginning approximately 17:00 GMT/ 12:00 PM EST/ 19:00 IST today, until 17:00 GMT/ 12:00 PM EST/ 19:00 IST on February 17, 2017.

International participants are invited to access the replay of the call at (972) 3-925-5901, and US-based participants are invited to access the call by dialing 1-888-782-4291.

A replay of the call may also be accessed as a webcast via Gilat’s website at www.gilat.com and will be archived for 30 days.

[midastouch017]

Gilat Wins Bid of $108 Million for a New Project in Peru

Today : Thursday 17 December 2015

Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, today reported a new award by Peru’s Fitel (Fondo de Inversion en Telecomunicaciones / Telecommunications Investment Fund) of a regional telecommunications infrastructure project for $108 million, in the region of Cusco. This new project is in addition to the projects previously awarded to Gilat by Fitel in the regions of Huancavelica, Ayacucho and Apurimac which are currently underway.
"The fact that Gilat was awarded an additional regional project by Fitel for $108 million testifies to the confidence placed in our ability to deploy massive telecommunications projects under challenging conditions. We continue to expand Gilat's ability to win and execute large-scale rural broadband connectivity projects, in accordance with Gilat's strategy," said Dov Baharav, Chairman and interim CEO of Gilat.

“On top of the bid, Gilat expects additional revenues to be generated by enabling cellular carriers to acquire network capacity to address the growing needs for voice, data, and internet in these regions,” added Mr. Baharav.

“We have taken an additional step for the development of Peru. Today we start covering new villages with high speed broadband. I'm pleased because strategic alliances between public and private sectors are strengthening with those projects,” added Mr. Jose Gallardo Ku , Minister of Transport and Communications.

About the Fitel Peru Award

Fitel’s regional initiative represents the complementary phase of the Peruvian National Fiber Backbone project, aimed to connect rural villages to broadband services. Within the framework of this phase, Gilat won the bid for a regional project – in Cusco located in the south of Peru.

The fiber-optic Transport networks will be built and immediately transferred to the Ministry of Telecommunications, while the Access networks based on wireless technologies will be built and operated for 10 years before being transferred to the Ministry.

In the frame of the Access network operation obligations, Gilat will connect about 615 public institutions and 371 remote villages to broadband services.

[midastouch017]

LATAM Telco Selects Gilat's High-Throughput Satellite Platform
SkyEdge II-c to Provide Ka-band Broadband for Consumer, Enterprise, Mobility and Airborne Applications

PETAH TIKVA, Israel, Dec. 22, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that a Telecommunications Service Provider (TSP) in Latin America selected Gilat's High-Throughput Satellite (HTS) Multi-Spot Beam solution to provide Ka-band broadband services.

The TSP, which recently acquired five spot beams totaling 2.3 GHz of capacity, intends to use its new HTS network to provide high-speed Internet service for multiple applications such as consumer, enterprise, mobility and airborne.

According to the terms of the agreement, Gilat will provide a SkyEdge II-c hub with multiple network segments, VSAT terminals and related equipment. Additionally, Gilat will provide cloud-based Network Operation Center (NOC) management services. Roll-out of this project commenced earlier this quarter.

"Winning this bid bears testimony to the fact that our technology supports multiple applications over the same platform very effectively," stated Russell Ribeiro, Gilat's Regional Vice President in Latin America. "We believe that our strong local presence and support, combined with our knowledge and experience in network management, will provide our partner with a strong competitive advantage over the long term."

[midastouch017]

Delnet Philippines Selects Gilat to Provide Enterprise VSAT Network Solution for PLDT

Gilat's SkyEdge II Network to Support PLDT's Enterprise VSAT Services for the Philippine Market

PETAH TIKVA, Israel, Dec 18, 2014 (GLOBE NEWSWIRE via COMTEX) --

Gilat Satellite Networks Ltd. GILT, -3.09% a worldwide leader in satellite networking technology, solutions and services, announced today that Delnet International Corp., a Philippine communications solutions provider, selected Gilat to provide a Ku-band SkyEdge II VSAT network for Philippine Long Distance Telephone (PLDT), the largest telecommunications company in the Philippines.

The Project will utilize Gilat's SkyEdge II hub previously installed at an earth station in Pampanga, Philippines and operated by PLDT-subsidiary, CIGNAL, a provider of DTH TV services. Gilat will also supply SkyEdge II Access and IP VSATs, especially commissioned for the PLDT project. The VSAT network will offer a wide range of voice and data interfaces to meet Enterprise connectivity requirements countrywide.

The system supports Auto Gain Control to address rain fade in the tropical environment of the Philippines, with each SkyEdge II VSAT adapting individually and automatically to weather conditions to ensure high availability at remote sites. Gilat's four-way adaptivity has been a feature of the SkyEdge II product line for over six years.

"A large number of demonstrations have been successfully completed, and the performance of SkyEdge II VSATs in the tropical Philippine environment is impressive," remarked Delnet International Corp. CEO, Klaas Oreel. "Further, the fact that SkyEdge II is used in hundreds of thousands of VSAT sites in Asia gives us confidence in its reliability."

The SkyEdge II network will enable PLDT to offer Enterprise VSAT connectivity throughout the Philippine archipelago as part of its suite of IP-VPN connectivity solutions. PLDT's IP VSAT is an IP-based access solution that lets enterprise markets to extend data to its remote sites that are not reachable through terrestrial and fixed wireless solutions.

"Our IP VSAT solution is an important addition to our service offering, ensuring ubiquitous last-mile access to enterprise customers," shared PLDT Executive Vice President and Head of Enterprise, International, and Carrier Business, Eric Alberto. "This partnership with Gilat and Delnet, combined with PLDT's own network capabilities, further boosts our coverage and enables us to provide connectivity and access where these are needed the most."

"We are delighted to add Delnet and PLDT to the growing list of Philippine customers for whom we provide connectivity solutions," said Stephane Palomba, Gilat Regional Vice President, Asia. "Our solution is uniquely suited to handle the challenges of the Philippine terrain and climate, and will help PLDT ensure enterprise-level connectivity throughout the country."

About Delnet International Corp.

Delnet has been dedicated to supplying and servicing the communication and navigation needs of the maritime industry since 1998, and has more recently been addressing communications needs in the land and satellite communications markets in the Philippines.

Delnet provides advanced offshore and land-based niche solutions where traditional communication systems are not viable.

The company provides complete solutions for its clientele for telecommunication, information, tracking, security, and other technical networks so clients are free to focus on and build their core business.

Strengthened by strategic partnerships with trailblazing companies around the globe, Delnet has further diversified to give client-specific solutions to the fast-growing industries of mining, oil & gas, and power & energy.

About Philippine Long Distance Telephone (PLDT)

PLDT is the leading telecommunications service provider in the Philippines. Through its principal business groups – fixed line, wireless and others – PLDT offers a wide range of telecommunications services across the Philippines' most extensive fiber optic backbone and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (pse:TEL) and its American Depositary Shares are listed on the New York Stock Exchange PHI, +0.82% PLDT has one of the largest market capitalizations among Philippine-listed companies

[midastouch017]

Uruguay's OpenSky Orders Gilat VSATs for ANTEL
Thursday 11 December 2014

Gilat Satellite Networks Ltd. (Nasdaq:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that systems integrator OpenSky ordered an initial VSAT network for ANTEL, the state-owned telecommunications company of Uruguay.
ANTEL intends to use its new VSAT network to provide Internet access to schools as well as services for enterprise and defense-related entities across the country. The order – for a fully-redundant SkyEdge II-c hub and 250 remote sites operating in Ku- and C-band, including installation, training and 36 months of extended SatCare support – is scheduled for roll-out in the fourth quarter of 2014.

"We have been working with ANTEL since 2007 on a variety of projects and, in that time, have managed to gain their trust," said Martin Villalba, CEO of OpenSky. "We were looking for a technologically strong satellite platform provider to meet a very demanding set of needs. Gilat was the logical choice."

"Our cooperation with OpenSky has opened up an entirely new market for us," added Erez Antebi, Gilat's CEO. "With this initial network in place, OpenSky is well positioned to offer additional satellite communications solutions."

About OpenSky

OpenSky is a telecommunications systems integrator operating in Uruguay. It provides turnkey solutions to the corporate, defense and carrier markets and products for optical and wireless network access, testing and infrastructure.

About ANTEL

Established in 1971, ANTEL is the state-owned telecommunications company of Uruguay. With an overall market share of approximately 50% and a broadband market share of approximately 100%, it owns and operates a digital telecommunications network extending throughout the country. The company provides mobile telephony, fixed telephony, data and Internet services.

[midastouch017]

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.”

[midastouch017]

FIMI Successfully Completes Tender Offer for Shares of Gilat Satellite Networks Ltd. GILT

Following Completion of the Special Tender Offer FIMI Holds Approximately 35.1% of Gilat's Shares

TEL AVIV, Israel, Nov 30, 2014 (GLOBE NEWSWIRE via COMTEX) --

FIMI Opportunity IV, L.P, FIMI Israel Opportunity IV, Limited Partnership, FIMI Opportunity V, L.P and FIMI Israel Opportunity Five, Limited Partnership (collectively "FIMI"), announced today that it has successfully completed its previously announced tender offer to purchase 5,166,348 ordinary shares of Gilat Satellite Networks Ltd. ("Gilat") with a nominal value of NIS 0.2 each ("Gilat Shares") at $4.95 per share, net to the seller in cash, less any required withholding taxes and without interest. The tender offer, which commenced on October 24, 2014, expired on November 29, 2014 at 10:00 a.m., New York time, or 5:00 p.m. Israel time.

FIMI was advised by the depositaries for the offer that, as of the final expiration date of the tender offer, a total of 6,791,006 Gilat Shares were validly tendered pursuant to the offer, representing approximately 15.9% of the issued share capital of Gilat. As contemplated in the offer to purchase, FIMI accepted for purchase 5,166,348 tendered Gilat Shares representing, as of November 29, 2014, 12.1% of the issued and outstanding shares and voting rights in Gilat, on a pro rata basis based on a pro rata factor of 0.76076, from all shareholders who had validly tendered their Gilat Shares.

Payment for the Gilat Shares accepted will be made promptly through American Stock Transfer & Trust Company or Bank of Jerusalem Ltd., the depositaries for the tender offer.

After payment for the Gilat Shares tendered in the offer and accepted for payment, FIMI will beneficially own 14,942,672 Gilat Shares, representing approximately 35.1% of the issued and outstanding shares and voting rights in Gilat.

About FIMI: FIMI is Israel's leading private equity fund. Over the past 18 years the FIMI funds have completed 75 investments. FIMI is currently investing through its fifth fund (a US$ 820 million fund) which focuses on investing in selected mature Israeli or Israeli-related companies with strong growth potential and global footprint, among others in buy-out transactions and turnaround situations.

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Excellent Turnout Reported to Gilat-Sponsored Satcom Innovations Russia 2014 Event

PETAH TIKVA, Israel, Nov. 26, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (GILT) (GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Satcom Innovations Russia 2014 event, which was held at the Marriott Moscow Grand Hotel on November 25th, was well attended by delegates from government agencies and private enterprises as well as leading telecommunications companies and systems integrators.

The event's keynote address was delivered by Prashant Butani, Senior Analyst at Northern Sky Research (NSR), who spoke about how the satellite communications industry is responding to the growing need for broadband services throughout the world. He cited specific examples of satellite solutions for broadband being implemented in developing regions in Latin America, Asia and Africa.

Mark Kaner, Head of Israel's Economic and Trade Mission in Russia, discussed how the growing commercial cooperation between Russia and Israel is not only strengthening the bonds between the two countries, but also contributing to stability in the Middle East and, therefore, to the rest of the world.

Yossi Gal, Vice President Sales Operations, Gilat, and Mikhail Pykhov, CTO of Gilat Eurasia, Russia, presented Gilat's latest innovations, including the Company's SkyEdge II-c Libra satellite-cellular hybrid terminal, which allows MNOs to leverage their existing infrastructure to provide reliable fixed broadband without congesting their network, SkyEdge II-c Capricorn, the ultra-fast TDMA VSAT, and SatTrooper, the innovative manpack tactical satcom terminal. This presentation was followed by a lively question and answer period conducted by Alexander Klimov, CEO of Gilat Eurasia, Russia.

"Not only is Gilat a thought-leader in the global satcom industry, it is also the only vendor with a full, operating office in Russia," concluded Gregory Litinsky, Regional Vice President of Eurasia, Gilat. "We believe we can be more effective and more responsive because we speak your language."

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FIMI Successfully Completes Tender Offer for Shares of Gilat Satellite Networks Ltd. (Nasdaq: GILT) and Commences the Four-Day Additional Offer Period
Following the Lapse of the Additional Offer Period FIMI Will Hold Approximately 35.1% of Gilat's Shares

TEL AVIV, Israel, Nov. 25, 2014 (GLOBE NEWSWIRE) -- FIMI Opportunity IV, L.P, FIMI Israel Opportunity IV, Limited Partnership, FIMI Opportunity V, L.P and FIMI Israel Opportunity Five, Limited Partnership (collectively "FIMI"), announced today that all of the conditions have been satisfied for its previously-announced tender offer to purchase 5,166,348 ordinary shares of Gilat Satellite Networks Ltd. ("Gilat") with a nominal value of NIS 0.2 each ("Gilat Shares") at $4.95 per share, net to the seller in cash, less any required withholding taxes and without interest. FIMI was advised by the depositaries for the offer that, as of 10:00 a.m., New York time or 5:00 p.m. Israel time, on November 25, 2014: (i) 6,763,455 Gilat Shares were validly tendered, representing approximately 15.9% of the share capital and voting rights in Gilat, and (ii) notices of objection to the offer were issued by holders of 166,894 Gilat Shares, representing approximately 0.4% of the share capital and voting rights in Gilat.

Accordingly, as required by Israeli law and as contemplated in its offer to purchase:

FIMI is providing an additional period of four calendar days, until 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Saturday, November 29, 2014, during which Gilat shareholders who, with respect to each Gilat Share owned by them, did not respond to the offer, have notified FIMI of their objection to the offer, or have tendered such Gilat Shares but withdrawn their tender prior to 10:00 a.m., New York time, or 5:00 p.m., Israel time, on November 25, 2014, may tender such Gilat Shares. Shareholders who have tendered their shares do not have withdrawal rights during this additional four-calendar day period; and
FIMI will purchase, subject to proration, the Gilat Shares validly tendered in the offer prior to 10:00 a.m., New York time, or 5:00 p.m., Israel time, on Saturday, November 29, 2014, the final expiration date of the offer.
Shareholders who hold their Gilat Shares through brokers or other nominees and wish to tender their shares prior to the final expiration date should consider contacting such brokers to ensure their tender instructions are forwarded in ample time to permit such brokers to submit a tender on their behalf in a timely fashion.

On November 24, 2014, the last trading day before this announcement on Nasdaq and on the Tel Aviv Stock Exchange ("TASE"), the closing sale price of the Gilat Shares was $4.95 on Nasdaq and NIS 18.95 ($4.90 based on an exchange rate of NIS 3.864 per United States dollar as of November 24, 2014) on the TASE.

The complete terms and conditions of the tender offer, including important U.S. and Israeli income and withholding tax considerations relating to the tender offer, are contained in the Offer to Purchase (as amended) previously filed with the U.S. Securities and Exchange Commission (SEC) and with the Israeli Securities Authority (ISA). American Stock Transfer & Trust Company is the U.S. Depositary for the offer and Bank of Jerusalem Ltd. is the Israeli Depositary for the offer.

Important Information: This is not an offer to buy or the solicitation of an offer to sell any ordinary shares of Gilat. The tender offer that is described in this press release will only be made through the Offer to Purchase, Letter of Transmittal and related tender offer documents. All shareholders of Gilat should read the tender offer materials which were filed by FIMI. Shareholders of Gilat should read the tender offer materials (as may be amended from time to time) because they contain important information about the tender offer. The tender offer materials and other filed documents are available at no charge on the SEC's website at http://www.sec.gov and on the ISA's website at http://www.magna.isa.gov.il, and are also available without charge to all shareholders by contacting D.F. King & Co., Inc., the information agent for the tender offer, at [phone] or toll free [phone]. Shareholders are urged to read these materials carefully before making any decision with respect to the tender offer.

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Gilat Reports SkyEdge II-c Orders for SES's Astra Connect Service


PETAH TIKVA, Israel, Nov 24, 2014 (GLOBE NEWSWIRE via COMTEX) --
Gilat Satellite Networks Ltd. GILT, -0.20% (tase:GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it signed agreements to provide SkyEdge II-c terminals to three ISPs subscribing to SES Broadband Services' Astra Connect service offering.

Italy's RDN, Switzerland's incumbent Swisscom and the UK's Europasat are distributing Astra Connect Internet services via satellite to enterprise and consumer users in their respective markets.

"The number of ISPs that have signed up for our Astra Connect service using Gilat and other equipment is gaining momentum and represents excellent opportunities for future growth," stated Patrick Biewer, Managing Director of SES Broadband Services.

"Gilat satellite broadband technology offers ISPs the opportunity to deliver high-speed performance and flexible service differentiation," commented Erez Antebi, Gilat's CEO. "In addition, the platform features advanced, cost-effective self-install functionality and Virtual Network Operation (VNO) capabilities that help ISPs manage their customers more effectively."

About SES Broadband Services

SES Broadband Services, a 100% owned affiliate of SES (nyse euronext paris:SESG) (luxembourg stock exchange:SESG), provides high-speed broadband solutions via satellite. The SES Broadband service was introduced in 2007 and is marketed via distribution partners in Europe, the Middle East and Africa. For further information on residential services please visit www.ses-broadband.com or www.ses.com/broadband-services for business applications.

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Gilat and HISPASAT Enhance VNO Activity

Gilat/HISPASAT Virtual Network Operation program enrolls two new
ISPs wishing to provide Internet services via satellite in Spain and Portugal

Petah Tikva, Israel, November 4, 2014 -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Virtual Network Operations (VNO) program with Spanish satellite operator HISPASAT has signed on two new ISPs who intend to provide Internet services via satellite in Spain and Portugal.

HISPASAT recently purchased a new SkyEdge II-c hub for its Arganda Teleport in Madrid. “A key reason for the adaptation of Gilat’s advanced SkyEdge II-c platform was to better support our growing list of ISPs that require VSAT service for distant areas,” remarked Inés Sanz, Head of Customer Engineering at HISPASAT. “A key competitive advantage for ISPs is the ability to provide different services to different market segments. Gilat’s flexible service differentiation system enables this important functionality via satellite.”

The new ISPs are Euskaltel of the Spanish autonomous community “Basque Country”, which previously ordered SkyEdge II-c Customer Premise Equipment (CPE) in a campaign to equip households with Internet access that are not covered by its cable network, and NOS (previously known as ZON Optimus) of Portugal, which placed an initial order for CPE kits for a government-funded project.

“We designed our VNO CPE kit with ISPs in mind,” explained Erez Antebi, Gilat's CEO. "The kit delivers better user experience thanks to our acceleration capabilities. It is also ‘future-ready’ for up to 40Mbps data rates.”

About HISPASAT Group
HISPASAT Group is composed of companies with a foothold in Spain as well as in Latin America, where its Brazilian affiliate HISPAMAR sells its services. The Group is a world leader in the distribution and broadcasting of Spanish and Portuguese content, and its satellite fleet is used by important direct-to-home television (DTH) and high-definition television (HDTV) digital platforms.

HISPASAT is one of the world's largest companies in terms of revenue in its sector, and the main communications bridge between Europe and the Americas.

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Gilat Deploys 3G Small Cell Network for TIM Brasil
in Only Two Months

Ubiquitous Coverage Affordably Achieved by Innovative CellEdge Solution

Petah Tikva, Israel, October 30, 2014 -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced the successful deployment of the CellEdge small cell over satellite solution to 20 rural sites in Brazil, as part of its agreement with TIM Brasil, the second largest Brazilian operator and the leading company in the pre-paid segment.

TIM selected Gilat to provide a full turnkey solution of 3G coverage to the most remote regions of Paraná state in Brazil, which was delivered within their very tight deadline of two months. Gilat assumed complete responsibility for providing connectivity to these areas, ensuring that the project was handled in an efficient manner, including site acquisition, energy, 24m tower provision, installation, integration to the mobile core network of TIM and final ATP.

Gilat’s CellEdge small cell over satellite solution enables mobile network operators (MNOs) to provide enhanced cellular connectivity to any location, no matter how remote. The turnkey solution includes the VSAT, base station, tower, energy, logistics and installation for quick and easy deployment. CellEdge’s tight integration reduces power consumption and makes efficient use of the satellite space segment.

“TIM was required to provide 3G connectivity to some of Brazil’s most remote areas,” said Marco Di Costanzo, Director of TIM's Mobile Network. “When we learned about Gilat’s unique CellEdge solution, coupled with their outstanding capabilities in rural areas, we were confident that they would deliver the turnkey project on spec and on time, and indeed they did.”

“We were honored to be selected by TIM for this challenging project,” said Russell Ribeiro, Regional Vice President - Sales of Gilat Latin America. “We are pleased that our innovative CellEdge small cell solution delivered on our customer’s expectations.”

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FIMI Commences Cash Tender Offer for Gilat Satellite Networks Ltd.
FIMI Opportunity Funds

TEL AVIV, Israel, Oct. 24, 2014 (GLOBE NEWSWIRE) -- FIMI Opportunity IV, L.P, FIMI Israel Opportunity IV, Limited Partnership, FIMI Opportunity V, L.P and FIMI Israel Opportunity Five, Limited Partnership (collectively "FIMI"), announced today that they have commenced a cash tender offer to purchase 5,166,348 ordinary shares of Gilat Satellite Networks Ltd. ("Gilat") (GILT) for $4.95 per share. If more than the maximum number of shares offered to be purchased in the tender offer are tendered, FIMI will purchase shares on a pro rata basis.

Pursuant to an Agreement, dated as of September 17, 2014 among (i) FIMI and (ii) York Capital Management, L.P., York Multi-Strategy Master Fund, L.P., York Credit Opportunities Fund, L.P., York Credit Opportunities Master Fund, L.P., Jorvik Multi-Strategy Master Fund, L.P. and Permal York Ltd. (collectively, "York"), (a) FIMI undertook to make a public "special tender offer" pursuant to Israeli Law, on or prior to October 24, 2014, to acquire 5,166,348 Gilat shares at a price of $4.95 per Gilat share, and (b) York undertook to accept the offer in respect of the 5,166,348 Gilat Shares held by it in consideration for a price of $4.95 per Gilat share.

FIMI, a controlling shareholder of Gilat, currently owns 9,776,324 ordinary shares of Gilat, representing approximately 23.0% of Gilat's outstanding shares. If FIMI purchases 5,166,348 Gilat Shares in the tender offer, FIMI will own approximately 35.1% of Gilat's outstanding shares.

On September 16, 2014, the last trading day before FIMI announced its intention to launch the offer, the closing sale price of the Gilat shares was $4.79 on Nasdaq and NIS 17.37 ($4.77 based on an exchange rate of NIS 3.641 per United States dollar as of September 16, 2014) on the Tel Aviv Stock Exchange.

The initial period of the tender offer and withdrawal rights is scheduled to expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on November 25, 2014, unless the initial period is extended by FIMI. As required by Israeli law, if the conditions to the offer are satisfied as of the completion of the initial offer period, FIMI will provide an additional period of four calendar days during which shareholders may tender their shares. However, shareholders will have no withdrawal rights during such additional four-calendar day period.

The tender offer is conditioned upon: (1) Gilat shares representing 5.0% of the outstanding shares and voting power of Gilat (currently, 2,130,095 Gilat shares) having been validly tendered and not withdrawn prior to the completion of the initial offer period, (2) as required by Israeli law, at the completion of the initial offer period, the aggregate number of shares tendered in the offer being greater than the number of shares represented by notices of objection to the offer, (3) the approval of the Israeli Antitrust Authority, with respect to the potential increase of FIMI's shareholdings in Gilat to more than 25% of Gilat's issued and outstanding share capital, and (4) certain other conditions specified in the Offer to Purchase relating to the tender offer. The tender offer is not conditioned on the receipt of financing or the approval of the board of directors of Gilat.

The complete terms and conditions of the tender offer, including important U.S. and Israeli income and withholding tax considerations relating to the tender offer, are contained in the Offer to Purchase included as an exhibit to the Tender Offer Statement on Schedule TO filed today with the U.S. Securities and Exchange Commission (SEC) and with the Israeli Securities Authority (ISA). American Stock Transfer & Trust Company is the U.S. Depositary for the offer and Bank of Jerusalem Ltd. is the Israeli Depositary for the offer.

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OFFER TO PURCHASE FOR CASH
5,166,348 ORDINARY SHARES
of
GILAT SATELLITE NETWORKS LTD.
at
$4.95 NET PER SHARE
by
FIMI OPPORTUNITY IV, L.P.
FIMI ISRAEL OPPORTUNITY IV, LIMITED PARTNERSHIP
FIMI OPPORTUNITY V, L.P.
FIMI ISRAEL OPPORTUNITY FIVE, LIMITED PARTNERSHIP

IN AN OFFER BEING CONDUCTED IN THE UNITED STATES AND ISRAEL

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Gilat’s Wavestream Appoints Past President and Co-Founder James Rosenberg CTO

San Dimas, CA, October 14, 2014 – Wavestream, a wholly-owned subsidiary of Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) providing solid-state power amplifiers for mission-critical defense and broadcast satellite communications systems, announced today the appointment of Wavestream past President and co-founder James Rosenberg as CTO.

Before rejoining Wavestream, James Rosenberg held senior engineering positions in his native state of California: most recently, at Comtech Xicom Technology, where he was responsible for the development of solid-state microwave amplifiers for satellite and terrestrial communications; and previously at BTCPower (Broadband TelCom Power, Inc.) , where he managed the development of sophisticated electronics systems. Prior to that, he co-founded Wavestream and served as company President for almost seven years. Before founding Wavestream, Rosenberg managed the MicroDevices Laboratory at NASA's Jet Propulsion Laboratory and served as Director of Engineering at GPD Optoelectronics.

With a PhD in Electrical Engineering from Columbia University, an MSEE in Electrical Engineering from the University of California, Berkeley, and a BSc in Engineering from Brown University, Rosenberg held full-time faculty positions at Brown University and Harvey Mudd College, and was a Visiting Professor at Caltech, before beginning his career in the private sector.

“We are excited to have Jim’s solid technical and managerial skills back in Wavestream,” said Bob Huffman, General Manager at Wavestream. “His extensive experience in management of engineering teams and alignment of market-focused project execution solutions are going to greatly aid in achieving our objectives.”

About Wavestream
Wavestream designs and manufactures solid-state power amplifiers for mission-critical defense and broadcast satellite communications systems. The company’s innovative, patented Spatial advantEdge™ technology provides higher output power, greater reliability and lower energy usage in more compact packages than traditional amplifier solutions. Wavestream’s proven family of products meet the growing demand for greater efficiency and significant lifecycle cost reductions for satellite communications systems worldwide. Wavestream is a wholly-owned subsidiary of Gilat Satellite Networks Ltd. (NASDAQ: GILT). For more information, please visit the company’s web site at www.wavestream.com.

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Gilat Successfully Demonstrated Maximum 4G Handheld Device
Performance over Satellite at Tier-One Operator in Asia

Ultra-fast accelerated and encrypted performance over
4G/LTE network achieved with Capricorn
200Mbps TDMA VSAT

Petah Tikva, Israel, October 1, 2014 -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its SkyEdge II-c Capricorn VSAT delivered accelerated and encrypted data at the full performance potential of 4G handheld devices. The tests were performed over an LTE network at a tier-one operator in Asia.

Gilat’s 200Mbps Capricorn demonstrated an outstanding sustainable speed in a single-session FTP download, reaching the handheld device maximum performance of 100Mbps. The demonstration took place over an LTE network based on the technologies of different leading equipment providers.

The end-to-end test, proved the capability of Gilat’s patent-pending acceleration technology to overcome both satellite delay and device limitations. Successful acceleration and encryption enabled delivery of data, via satellite, at speeds previously associated only with terrestrial networks.

“Our 200Mbps Capricorn VSAT solution, which combines 4G data acceleration and encryption over GTP, is an important industry milestone,” announced Erez Antebi, Gilat's CEO. "In the trial, we successfully demonstrated our ability to overcome the satellite delay and proved that LTE handheld devices can reach their maximum potential speed.”

SkyEdge II-c Capricorn is a leading industry TDMA VSAT, ideal for demanding high-end applications such as 4G/LTE cellular backhaul. The very high peak-to-average ratio of LTE networks is a perfect fit for bandwidth sharing, reducing operational costs while maintaining an excellent user experience. In addition, Capricorn has advanced GTP acceleration, application-based quality of service and over-the-air AES-256 encryption for security and privacy, which complies with cellular network technology standards.

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Finished at HOD!

Gilat Satellite Netw (GILT)
5.12 ^ 0.24 (4.92%)
Volume: 38,033 @ 5:28:46 PM ET

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$5.12 Nice!!!

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Will this mark a turning point
for the company?
$4.90, i am in too!!!

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Gilat Satellite Networks chairman Baharav will buy shares from York Capital alongside FIMI.

Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) chairman Dov Baharav will buy 850,000 Gilat shares from York Capital, representing 2% of the company, for $4.2 million. The sale to Baharav, alongside the agreement to sell 12% of Gilat to FIMI Opportunity Funds, controlled by Ishay Davidi, will liquidate York's entire holding in Gilat. FIMI will be the controlling shareholder in the satellite ground stations company, with a 35% total stake.

York Capital, under Jeremy Blank, has held its stake in Gilat for eight years, and is ending what has been a fairly disappointing investment. York currently owns some six million shares, of which 5.2 million will be sold to FIMI, under the agreement between the two funds, for $25.5 million. The share price in that deal is $4.95, and York will sell the rest of its shares to Baharav at the same price. The sale is due to close next month.

Gilat Satellite Networks, managed by Erez Antebi, develops and sells very small aperture terminal (VSAT) satellite ground station equipment for satellite-based broadband communications. It is traded on Nasdaq and the Tel Aviv Stock Exchange at a market cap of $207 million. Baharav, formerly CEO of Amdocs Ltd. (Nasdaq: DOX) and chairman of Israel Aerospace Industries, joined the Gilat board this year as part of an activist move by FIMI. He became chairman in place of Amiram Levinberg, one of Gilat's founders, who resigned from the post.

Published by Globes [online], Israel business news - www.globes-online.com - on September 22, 2014

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AGREEMENT

THIS AGREEMENT (this “Agreement”) is entered into this September 17, 2014, by and between (1) Dov Baharav (the “Purchaser”), and (2) York Capital Management, L.P., a Delaware limited partnership, York Multi-Strategy Master Fund, L.P., a Cayman Islands exempted limited partnership, York Credit Opportunities Fund, L.P., a Delaware limited partnership, York Credit Opportunities Master Fund, L.P., a Cayman Islands exempted limited partnership, Jorvik Multi-Strategy Master Fund, L.P., a Cayman Islands exempted limited partnership and Permal York Ltd., a British Virgin Islands company (each, a "Seller Entity" and, collectively, the “Seller”). Each of Purchaser and Seller may be referred to herein as a "Party" and collectively as the "Parties".

WHEREAS, Gilat Satellite Networks Ltd. (the “Company”) is a public Israeli company whose ordinary shares, par value NIS 0.2 per share (“Ordinary Shares”), are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange; and

WHEREAS, Purchaser desires to purchase from Seller and Seller desires to sell to Purchaser a total of 849,182 Ordinary Shares of the Company (the "Purchased Shares") in an off-market private transaction in accordance with the terms and conditions set forth herein.

NOW, THEREFORE, the Parties hereto agree as follows:


1. Sale of the Purchased Shares. On the Effective Date, Seller shall sell and transfer to Purchaser and Purchaser shall purchase from Seller the Purchased Shares, free and clear of any and all Encumbrances (as defined below), at a price per Purchased Share of US$4.95 and an aggregate purchase price of US$4,203,451 (the “Purchase Price”). The “Effective Date” shall be the business day in New York and Israel immediately following the day on which Seller notifies Purchaser that it is ready to consummate the sale of the Purchased Shares for the Purchase Price, but in no event before September 21, 2014 or after October 21, 2014.

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Terabit Wave to Provide Gilat Satcom-On-The-Move Terminals in Myanmar


PETAH TIKVA, Israel, Sep 23, 2014 (GLOBE NEWSWIRE via COMTEX) --

Gilat Satellite Networks Ltd. GILT, +0.82% a worldwide leader in satellite networking technology, solutions and services, announced today that Terabit Wave Co. Ltd., a telecommunications systems integrator located in Myanmar (formerly Burma), ordered the Company's Satcom-On-The-Move terminals – including tactical satcom units, vehicle-mounted satellite antennas and related equipment – for a Myanmar governmental agency.

Terabit Wave placed an order for a SkyEdge II hub and terminals – including SatTrooper Manpacks, Raysat Satcom-On-The-Move antennas, WaveStream BUCs and associated modems – with rollout expected during the third and fourth quarters of 2014. Terabit Wave won the deal through a competitive bidding process involving leading global and local solution providers.

"The name of the game in today's communications is Mobility. Gilat's Satcom-On-The-Move solutions are especially suited for the kind of emergency operations that our client was concerned about," explained U Tay Za Tun, CEO at Terabit Wave. "We chose Gilat for its unique technology and because it is a one-stop-shop with a fully integrated solution."

"Terabit Wave needed to provide a Ku-band Satcom-On-The-Move integrated solution," added Erez Antebi, Gilat's CEO. "Our terminals answered their specifications not only for their compact, lightweight design but also because they can be set up and dismantled quickly and are easy to operate."

About Terabit Wave

Terabit Wave Co. Ltd. is a Myanmar-based systems integrator with extensive experience in the telecommunications and IT industries. Its dedicated team of professionals provides a range of high-quality products and services - including implementation of telecom and IT networks and infrastructure, operations and maintenance – to the complete satisfaction of its customers.

About Gilat

Gilat Satellite Networks Ltd GILT, +0.82% (tase:GILT) is a leading provider of products and services for satellite-based broadband communications. Gilat develops and markets a wide range of high-performance satellite ground segment equipment and VSATs, with an increasing focus on the consumer and Ka-band market. In addition, Gilat enables mobile SOTM (Satellite-on-the-Move) solutions providing low-profile antennas, next generation solid-state power amplifiers and modems. Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in Peru and Colombia.

With over 25 years of experience, and over a million products shipped to more than 85 countries, Gilat has provided enterprises, service providers and operators with efficient and reliable satellite-based connectivity solutions, including cellular backhaul, banking, retail, e-government and rural communication networks. Gilat also enables leading defense, public security and news organizations to implement advanced, on-the-move tactical communications on board their land, air and sea fleets using Gilat's high-performance SOTM solutions. For more information, please visit us at www.gilat.com

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Gilat Shares Still Have Higher To Go

Feb. 19, 2014 10:34 AM ET | About: GILT

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
This article was first released only to PRO subscribers. Learn More
Executive summary:

Gilat Satellite Networks (GILT) remains an attractive investment with a strong $51 million net cash balance (23% of the market cap) and numerous growth opportunities.
Significant cost restructuring is in place which should improve profitability beginning in Q1 2014.
Sequestration issues should become less salient as Gilat expands its revenue base to adjacent markets.
Recent sale of SpaceNet subsidiary allows Gilat to focus on core competencies with higher margins, and galvanizes the balance sheet.
______________________________

Shares of Gilat Satellite Networks ("Gilat") have performed well (+20.5%) since I recommended them in December, handily outpacing the S&P 500 Index (+3.5%) over the comparative time frame, providing 17% of "alpha."

In that narrative, I suggested that Gilat sold off primarily due to delayed, but not lost contracts, and that certain divestitures and restructuring efforts would drive profitability.

I understand Gilat sold off in Q3 generally due to missed revenue guidance. However, two equipment projects and a services contract worth over $33 million were delayed but should be recognized in the financial statements by the first half of 2014. Therefore, the sell-off appears to be short term in nature, meanwhile the underlying business remains healthy.

After reviewing the most recent results and reviewing the conference call, investors should continue a certain amount of lumpiness in Gilat's revenue stream going forward. Having said that, backlog more than doubled to $228 million indicating healthy demand for Gilat's products and services.

Specifically, management announced:

$99 million project from Colombia's Ministry of Information, Technology and Communications for internet connectivity infrastructure. Revenues are expected to begin in second half of 2014.
$30 million project from Peru's Ministry of Transportation and Communication to provide internet connectivity infrastructure in rural geographies.
Expansion to Adjacent Markets

Due to the coming ubiquity of satellite broadband connectivity, Gilat is positioned well to take advantage of the large capital investment required to support global networks. To that end, one area that is an exciting area of growth is Gilat's growing revenue stream with respect to in-flight WiFi infrastructure. CEO Erez Antebi made the following remarks regarding this growth opportunity (transcript courtesy of Seeking Alpha)

Chris Quilty - Raymond James

And final question, I know you had at least one win on some of the Wavestream amplifiers for the aviation market and that market seems to be taking off in the last year or two here. Have you seen any follow up order activity and perhaps what your outlook for that particular market?

Erez Antebi

Yeah. We've had actually quite a few wins I would say and we have continuing follow on orders for those. We're providing the amplifiers for T-Com who is then providing the terminals to Row44 and we're providing them to Aerostat who is then providing their terminals to Gogo. Both of these are on KU and we've had a very significant win with Honeywell for the Global Express project which as you know is not yet launched and we expect it to be launched in about a year.

Chris Quilty - Raymond James

And is that then one of the stronger growth areas for the Wavestream business or are there other pockets of strength?

Erez Antebi

I think there are definitely other pockets of strength, but that should be a nice growth area. We definitely expect commercial aviation -- oh sorry, internet for commercial aviation to be a growth area as we've mentioned and we expect Wavestream to grow with that.

We know from recent commentary that Gogo (GOGO) is rapidly expanding its network, thereby creating significant demand for Gilat's products as it ramps up its in-flight WiFi aircraft counts. And in 2014, Gilat should start generating revenue on the back of the Honeywell (HON) and Inmarsat agreement to build out Global Xpress, a venture to modernize in-flight WiFi capabilities. I understand that Gilat was selected to provide transceivers and onboard antennas. The Honeywell/Inmarsat contract is valued at $2.8 billion, meanwhile Gilat will get at least some portion of that contract.

Valuation

Gilat's revenue lumpiness remains problematic. For investors willing to take the long-term view, it shouldn't matter much given Gilat has solid growth prospects in global markets ahead of it. However, investors should expect the lumpiness to equate to an erratic stock price. For nimble traders looking to pick their spots, Gilat will probably remain a solid trading stock for the foreseeable future.

That said, I still think the shares are attractive here at a $220 million valuation on account of the strong balance sheet, robust backlog and an industry which should continue to benefit from secular tailwinds.

Management is guiding to $240 to $245 million in revenue at a 9% EBITDA margin, valuing Gilat at about 7.5x forward EV/EBITDA. While less upside remains relative to my prior $6/share valuation, I think investors can still own these shares here for the reasons cited above.

Conclusion

Gilat remains an attractive investment opportunity.

While some of the asymmetry in this opportunity has evaporated with the appreciating share price, I still think there is another 15% upside here. However, I continue to believe this stock will remain a high "beta" name given the lumpiness in the revenue stream. That said, given the strong balance sheet and growing backlog, I think the risk of a permanent impairment of investment capital is muted.

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Gilat Satellite falls on Q3 miss, lower guidance • 2:30 PM
Gilat Satellite Networks (GILT -8.7%) shares plunged after the company missed expectations in Q3. Revenue of $71.3M (-11% Y/Y) missed by $12.9M. EPS of -$0.04, missed by $0.04.
Management noted on the conference call that the revenue shortfall was caused by delays in 2 projects that were expected in Q3: a $12M deal with Entel and an expansion project for an existing customer in LatAm.
The company expects "Q4 will be better than Q3 ... but [does] not expect it will be enough to make up for the Q3 shortfall." It cut full-year guidance to revenue of $310M (vs. consensus of $338.2M) and EBITDA margin of 6%.
Gilat's divestment of Spacenet to SageNet has been delayed after SageNet stated "it is not willing to proceed to closing at this time based on several assertions ... At this time the closing has been delayed."

[midastouch017]

Gilat Announces Third Quarter 2013 Results

Wednesday 13 November 2013

Gilat Satellite Networks Ltd. (Nasdaq:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter ended September 30, 2013.
Key Financial Updates:

Revenue for Q3 2013 of $71.3 million
EBITDA for Q3 2013 of $2.1 million
Expenses reduced by around $9 million per year during Q4 2013 with effects to be realized starting in Q1 2014
Management objectives for 2013 lowered to approximately $310 million in revenue and EBITDA of 6% primarily due to delayed deals in our Commercial Division and in Peru
Revenues for the third quarter of 2013 were $71.3 million, compared to $89.0 million for the same period in 2012.

On a non-GAAP basis, operating loss for the third quarter of 2013 was $1.3 million compared to an operating income of $5.7 million in the third quarter of 2012. On a non-GAAP basis, net loss for the period was $1.9 million, or $0.04 per diluted share, compared to net income of $5.8 million, or $0.13 per diluted share, in the comparable period in 2012.

EBITDA for the third quarter of 2013 reached $2.1 million as compared with $9.8 million in the comparable period in 2012.

In August, the Company announced that it entered into a definitive agreement to sell Spacenet to SageNet, subject to regulatory approval and the satisfaction of customary closing conditions. The Company received the required FCC regulatory approval last week and notified SageNet that all conditions for closing have been met. The Company has been notified by SageNet that it is not willing to proceed to closing at this time based on several assertions. While the Company rejects all of SageNet's assertions and believes them to be unfounded, it is in continuing discussions with SageNet concerning their assertions. At this time the closing has been delayed.

"The shortfall in Q3 was mainly attributed to two deals which were delayed in our Commercial Division, reduced revenue from Compartel in Colombia and a delayed project implementation in our Services Division," said Erez Antebi, CEO of Gilat.

"We have taken immediate action to cut costs reducing our global headcount and fixed expenses by approximately $9 million annually," continued Antebi. "We expect to see most of the impact of the reductions beginning in the first quarter of 2014. It is important to note that we have taken care not to reduce our sales teams or our research and development investments in our strategic growth areas."

"Going forward, we believe we are well positioned for success," concluded Antebi. "While this has been a difficult quarter, we have taken the appropriate measures to significantly cut costs and further streamline the company. We continue to close deals in our Commercial Division with new and existing customers. Our Defense Division is stable and we see growing interest and need for our products. We are confident in the road ahead and believe that with the steps we have taken, the Company is better positioned to succeed going forward."

Resources:
Third Quarter 2013 Financial Statements

Key Recent Announcements:

Gilat Receives Award Letter from Entel S.A. for Project Valued at Over $12 Million
Gilat Announces a Favorable Judgment in 2009 Claim
Gilat Announces the Release of the Wavestream Ka-Band Matchbox Mini BUC
Gilat Announces Sale of Spacenet Subsidiary
Conference Call and Webcast Details:

Gilat management will host a conference call today at 13:30 GMT/ 09:30 EST/ 16:30 IST (Israel Standard Time) to discuss the results. International participants are invited to access the call at (972) 3-918-0610, and US-based participants are invited to access the call by dialing [phone]. A replay of the conference call will be available beginning at approximately 16:00 GMT/ 12:00 EST/ 19:00 IST today, until 16:00 GMT/ 12:00 EST/ 19:00 IST November 15, 2013. International participants are invited to access the replay at (972) 3-925-5918, and US-based participants are invited to access the replay by dialing [phone]. A replay of the call may also be accessed as a webcast via Gilat's website at www.gilat.com and will be archived for 30 days.

Notes:

(1) The attached summary financial statements were prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The attached summary financial statements are unaudited. To supplement the consolidated financial statements presented in accordance with GAAP, the Company presents Gilat's EBITDA before the impact of non-cash share-based payment charges, depreciation and amortization, other income and other costs related to acquisition transactions. Non-GAAP presentations of net income, EBITDA and earnings per share are provided to enhance the understanding of the Company's historical financial performance and comparability between periods.

(2) Operating income before depreciation, amortization, non-cash stock option expenses as per ASC 718 (formerly SFAS 123(R)) and other costs related to acquisition transactions ('EBITDA') is presented because it is a measure commonly used and is presented solely in order to improve the understanding of the Company's operating results and to provide further perspective on these results. EBITDA, however, should not be considered as an alternative to operating income or net income for the period as an indicator of the operating performance of the Company.

Similarly, EBITDA should not be considered as an alternative to cash flows from operating activities as a measure of liquidity. EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. EBITDA may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Reconciliation between the Company's Operating income and EBITDA is presented in the attached summary financial statements.