Space Industry and Business News  
Gilat Extends Service Agreements With Colombia

-
by Staff Writers
Petah Tikva, Israel (SPX) Jan 25, 2010
Gilat Satellite Networks has announced that the Ministry of Communications in Colombia has extended and amended the agreements for the provision of services under the Rural Communitarian Telephony (Compartel II) and Telecentros projects for an additional one-year term, through December 2010.

Gilat had previously announced that these agreements were to end December 31, 2009 and as such, the Company could not anticipate further revenues from these projects. '

The current extension for continued service provides for a government subsidy of approximately $1 million per month, which is dependent upon meeting certain installation schedules, performance indicators and providing similar services to those provided over the past year.

Under the terms of the amended agreement, Gilat has also agreed to transfer 300 telecenters from their present location to other sites, where no other means of communication are available.

"The extended agreement enables us to continue working towards the goal of ensuring that every Colombian is connected and informed, especially in the most remote regions of the country, which is one of the main goals of our Ministry," stated, Daniel Medina, Deputy Minister of Technology Information and Communications of Colombia. "

To this end, we get involved in helping reach the less affluent Colombians, in places where no one else would assist without the help of the government and the participation and commitment of Gilat."

In prior releases, Gilat announced that it had reached new agreements with the Colombian Ministry of Communications which, if Gilat performed, were to enable the release of $24 million from trust accounts. These amounts have been fully released and in October 2009, the government signed on an initial three months extension of the agreements.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Gilat Satellite Networks
The latest information about the Commercial Satellite Industry



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


BSkyB losses appeal on sale of ITV stake
London (AFP) Jan 21, 2010
British pay-TV giant BSkyB on Thursday lost an appeal over a government order that it reduce its 17.9-percent stake in commercial television network ITV. Britain's Court of Appeal said that a 2008 ruling that BSkyB cut its shareholding in British broadcaster ITV to 7.5 percent on grounds of competition must stand. BSkyB, in which the biggest shareholder is Rupert Murdoch's News Corp, sai ... read more







The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement