Bloomberg News

Gilat Rises to Five-Month High on Extension of Colombia Services

January 03, 2012

Jan. 3 (Bloomberg) -- Gilat Satellite Networks Ltd. advanced to the highest level in almost five months after the developer of satellite-networking technology said it extended service agreements in Columbia.

The shares rose 2 percent to 15.67 shekels, the highest intraday level since Aug. 10, at 4:06 p.m. in Tel Aviv.

Gilat valued the extended services with the Colombian Ministry of Information Technology and Communications at $16 million, according to a filing with the Tel Aviv Stock Exchange.

--Editors: Claudia Maedler, Daliah Merzaban

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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