Tax Ruling Regarding Previously Announced $35 Million Cash Dividend to Shareholders
Tax Ruling Regarding Previously Announced $35 Million Cash Dividend to Shareholders
PETAH TIKVA, Israel, Jan. 05, 2021 Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has obtained tax ruling from the Israel Tax Authority with respect to the $0.63 per share dividend announced on December 30, 2020.
In accordance with Israeli tax law, the Company will withhold 25% of the gross amount of the dividend paid to shareholders. The dividend payment may be subject to certain applicable exemptions (including the exemption for distribution of dividends to Israeli corporations that are exempt from Israeli withholding tax) and tax reliefs. The Company has obtained a ruling from the Israel Tax Authority setting procedures with respect to eligible shareholders who are residents of a country with which I
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Globe Awards Gilat Multi-Million US Dollar Managed Service Contract for Significant Expansion of Cellular Backhaul Project
Globe Awards Gilat Multi-Million US Dollar Managed Service Contract for Significant Expansion of Cellular Backhaul Project
Gilat’s robust end-to-end solution will enable Globe to meet its goal of providing high-quality service throughout the Philippines
PETAH TIKVA, Israel, Jan. 11, 2021 Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Globe Telecom, Inc. (PSE: GLO) had awarded Gilat a multi-million US dollar managed service contract for significant project expansion for cellular backhaul over satellite. Gilat’s robust end-to-end solution will enable Globe to meet its goal of providing high-quality service throughout the Philippines.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Globe Awards Gilat Multi-Million US Dollar Managed Service Contract for Significant Expansion .
Gilat Satellite Networks Ltd.January 11, 2021 GMT
Gilat’s robust end-to-end solution will enable Globe to meet its goal of providing high-quality service throughout the Philippines
PETAH TIKVA, Israel, Jan. 11, 2021 (GLOBE NEWSWIRE) Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Globe Telecom, Inc. (PSE: GLO) had awarded Gilat a multi-million US dollar managed service contract for significant project expansion for cellular backhaul over satellite. Gilat’s robust end-to-end solution will enable Globe to meet its goal of providing high-quality service throughout the Philippines.
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