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Gilat Announces Acquisition of Remaining Shares of StarBand
Israel (SPX) Mar 08, 2005 Gilat Satellite Networks announced that its subsidiary, Spacenet, has acquired all remaining shares of StarBand Communications, not already owned by Gilat and plans to merge the operations of StarBand into Spacenet. Terms of the transaction were not disclosed. Gilat expects that the combined Spacenet and StarBand operations will be able to achieve greater efficiencies and economies of scale. Spacenet customers and current StarBand customers should not experience any interruptions or loss of service quality related to the merger. StarBand sells satellite-based broadband services to residential, teleworker and small-office/home-office users directly and through its network of channel partners and agents in North America and the Caribbean. Spacenet provides satellite and hybrid terrestrial connectivity, application services and network management to multi-site enterprises, franchises and government users throughout the United States, including some of the world's largest satellite-based networks. Gilat Chairman and CEO Shlomo Rodav said, "We believe that this transaction is an important step forward in our efforts to grow Gilat's services business unit. With Spacenet and StarBand operating together, we see a synergistic opportunity for growth and efficiency as one tightly integrated business serves the needs of all satellite network users in North America." "The merged operations significantly enrich our value proposition to both Spacenet and StarBand customers," said Spacenet President and CEO Bill Gerety. "Spacenet will leverage StarBand's scalable ISP infrastructure and affordable offerings to create new services for business customers. We will also be able to bring Spacenet's enterprise-grade application services and network management offerings to StarBand's customers. "This is a powerful combination, and by integrating our offerings and applying best practices from our shared operational experience, we will be able to serve our residential, SOHO, small/medium business and enterprise customers better than ever before." Community Email This Article Comment On This Article Related Links Gilat SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express VSAT News - Suppliers, Technology And Applications
SkyTerra Announces Plans To Separate Into Two Public Companies
New York (SPX) Sep 23, 2005SkyTerra Communications announced Thursday that it plans to separate into two publicly owned companies: SkyTerra, which would solely hold SkyTerra's current stake in each of Mobile Satellite Ventures and TerreStar Networks; and a newly formed entity that would own all of SkyTerra's other assets including its managing interest in Hughes Network Systems. |
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