According to Russian press on May 13 during the exhibition CSTB held in Moscow, the general director of Gazprom Space Systems Dmitry Sevastyanov and CEO Gilat Satellite Networks (Eurasia) Alexander Klimov signed a contract, according to which Gazprom Space Systems will provide communication services based on Gilat’s SkyEdge II-C platform.
The ground equipment will be located in the Gazprom’s telecommunication center in Schyolkovo.
Gazprom Space Systems is a subsidiary of Gazprom, the largest extractor of natural gas in the world and one of the world's largest companies.
BTW, due to the US and Western Europe embargo, Gilat can get a lot of business from Russia. IMHO
Lot of executive deadwood in Gilat left. Anyone too slow to make money or too dumb to make opportunities into profits should be cut from slowing down others. Sell off assets in June before Summer prices pull down share prices.
June. What a month June will be for parting of ways or exits of hard working people and assets.
March April time frame and Erez has been ousted from CEO position and terminated out of Gilat. 3 executive positions have left before Erez leaving. Capitalfundtaker, what is next that well make affect to shareholder investor benefit? SMCSTR is an insider posting from inside Gilat. Smockester is a putz. You post what is next yeah?
I am new to this company...and was wondering if its in the same boat as SWIR. I mean are they a buy out candidate. I know buyouts are few and far between, but there are a few out there that should be gobbled up and GILT is one of them!!!
Hi Weda and nice to see a recent post. We have had our winners and losers over the years.
My current Israel holdings are in addition to Gilt--------TEVA, ESLT, ITRN, FORTY, ICL MGIC and MNDO.
In addition I am looking into investing in ISL, the closed end investment company with a good portfolio of stocks selling at a large discount to asset value. Are you presently invested in any of the above companies?
Hag Semach Passover
Hello folks. Haven't been here for quite awhile.
I've attended a gilat presentation, given by ceo Erez Antebi, in tel-aviv a few weeks ago, after Q4 release.
The most interesting part, imo, was him mentioing gilat is developing a product for bradband internet, for commercial planes. The idea is that since today every child has a smartphone the market for internet in the sky is much larger than it used to be, and all the airplane companies plan to introduce internet as a service for passengers.
Those of you who are familiar with gogo in the usa - well, he said that this is a problematic solution as it acually uses many polls on the ground, which the plane need to interact with, and this doesn't work over sea.
Today there is an "old" satelite solution for KU frequency in the market but the world is going to a new frequency - KA, and they (gilat) plan to introduce a product for this KA. :-)
If&when they have a product ready then I believe GILT share price would be far higher than today, since there are very few hitech companies who can develop such a complicated equipment (thing about 400 passengers who want fast internet now, and you have to track a sattelite)
He mentioned panasonic & viasat as competitors.
From what I googled, I see panasonic has an "old" KU product, but he said they also develop a new KA one, and viasat already has a new KA product, so gilat isn't the 1'st in this market, but the market is large enough.
If you could find some analyst or clever article about broadband internet for commercial planes market it would be great, because I don't have a clue on the magnitude of this market.
it's been dead money for 10 years and fimi is slow making changes. I added 10% then and did the same today - just frustrated like I'm sure every long term investor on the board.
What this project can do for Gilat, is not only to significantly increase revenues, but eventually people will notice how undervalued Gilat is in comparison to other high tech companies. And when this happen, you will be sorry that you didn't buy Gilat for 10$/share. IMHO
The headline is deceiving - spread over 10 years and doesn't break down products vs services ratio. I'm doubtful if the blended gross margins even hit 20% and then of course there is collection risk and currency risk.
EcEconomy Proinversión awards broadband Internet projects in 4 regions.
The Agency for Promotion of Private Investment (ProInversion) awarded four projects "Installing Integrated Broadband Connectivity and Social Development" for Apurimac, Ayacucho, Huancavelica and Lambayeque regions, commissioned by the Ministry of Transport and Communications (MTC) .
The four projects require an investment of approximately US $ 178.5 million.
"Integrated Broadband Connectivity for Social Development of the north of the country - Lambayeque Region" was awarded to Telefónica del Peru, an nvestment of US $ 31.5 million.
Meanwhile, the Consortium Gilat Peru, made by companies Gilat To Home Peru SA and Gilat Satellite Networks Ltd. of Israel, won the award of Apurimac, Ayacucho and Huancavelica regions, investments of approximately US $ 42.3 million, $ 55.3 million and $ 49.4 million respectively.
Not only the size of these projects is important, but also the social benefits these projects bring to the developing nations.