Developing Telecoms
Newsletter Sign Up
Keep up-to-date with the latest telecoms news in emerging markets globally. Subscribe to Developing Telecoms FREE weekly newsletter.
Afghanistan
Bosnia and Herzegowina
Cook Islands
Samoa
South Sudan, Republic of
Sweden
Uruguay
Business/Industry/Finance User
Your personal data will not be shared with third parties. Click here to view our privacy policy.
3412
Gilat Satellite Networks won another contract to boost mobile connectivity, this time to expand signal for two Mexican operators in a multi-million-dollar deal from AXESS Networks.
In a statement, Gilat said it will work on cellular backhaul projects (CBH) in Mexico to “power network expansion for two of the key Mobile Network Operators in Mexico”, although did not state which operators.
Gilat jumps on Mexican AXESS deal
AXESS has awarded Gilat a multi-million dollar deal for cellular backhaul (CBH) projects in Mexico.
Israeli satellite networking technology, solutions and services company Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) has announced that AXESS has awarded it a multi-million dollar deal for cellular backhaul (CBH) projects in Mexico. The project will power network expansion for two of the key Mobile Network Operators (MNOs) in Mexico. Gilat s cellular backhaul solution over satellite enables connectivity for hundreds of sites will support bridging the digital divide throughout Mexico.
RELATED ARTICLES
Gilat s share price was up over 305 on news of the deal giving a market cap of $532 million.
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
News Category Global Banking & Finance Reviews
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.