Gilat Satellite Networks
Encyclopedia
Gilat Satellite Networks is a public company headquartered in Israel
that develops and sells VSAT satellite ground stations and related equipment. Its shares are traded on the NASDAQ Global Select Market
and on the Tel Aviv Stock Exchange
.
and rural communities in Brazil
, to access the internet at high speeds. In 2011 Gilat announced the creation of a new division, headed by Brigadier General (Res.) Moshe Tamir, expanding its presence in the U.S. defense market
.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
that develops and sells VSAT satellite ground stations and related equipment. Its shares are traded on the NASDAQ Global Select Market
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
and on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
.
History
Gilat Satellite Networks was founded in 1987 by brothers Joshua and Amiram Levinberg, Yoel Gat, Shlomo Tirosh, Arik Keshet, and Gideon Kaplan. In its early days, Gilat struggled to compete with larger and better-established companies the likes of EchoStar. In 2000, Gilat introduced an innovation involving VSAT technology allowing remote locations, such as the Havasupai Reservation in ArizonaArizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
and rural communities in Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, to access the internet at high speeds. In 2011 Gilat announced the creation of a new division, headed by Brigadier General (Res.) Moshe Tamir, expanding its presence in the U.S. defense market
Defense industry
The defense industry, also called the military industry, comprises government and commercial industry involved in research, development, production, and service of military materiel, equipment and facilities...
.
Strategic acquisitions
| Company | Year | Price | Reference |
|---|---|---|---|
| Spacenet Spacenet Spacenet, Inc. is a provider of VSAT satellite-based data network services as well as hybrid satellite/terrestrial networks and network management services... |
US$225 million | ||
| StarBand StarBand StarBand is a two-way satellite broadband Internet service available in the U.S.. StarBand Communications Inc. was initially a joint venture between Gilat Satellite Networks, EchoStar and Microsoft, and the StarBand service was launched in 2000. StarBand Communications filed for Chapter 11... |
|||
| RaySat Antenna Systems | US$25 million | ||
| Wavestream | US$130 million |