Advanced Television

Comtech

Analyst: “Comtech a lost cause for 2022”

Comtech Telecommunications designs, develops and produces systems and services for advanced communications solutions. But trading is currently a challenge, says a report from analysts Quilty. “For the second consecutive quarter, Comtech slashed its forward guidance (EBITDA down 24 per cent), citing a combination of near-term supply-side constraints and timing issues, including the delay of two […]

June 21, 2022By Chris Forrester

Gilat suffers from pandemic slow-downs

Israel-based specialist satellite communications company Gilat, which had hoped to see itself merged by now with Comtech Telecommunications, has reported its Q3 numbers saying its revenue was negatively impacted by the ongoing pandemic, and even more so by the litigation with Comtech. Comtech has agreed to pay Gilat $70 million for terminating its merger commitment. […]

November 11, 2020By Chris Forrester

Comtech and Gilat terminate merger agreement

Comtech Telecommunications and Gilat Satellite Networks have agreed to terminate the merger agreement first announced on January 29th 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of $70 million to Gilat. The merger termination and […]

October 5, 2020

Gilat, Comtech agreement in jeopardy

Israel-based Gilat Satellite Networks has reported Q2 revenues of $38.3 million – down 36 per cent on the same period last year. The company also confirmed that the purchase of Gilat by Comtech Telecommunications remains at considerable risk. Gilat and Comtech are involved in litigation against each other. The purchase was originally priced at $50 […]

September 2, 2020

Comtech’s acquisition of Gilat stumbles

Comtech’s plan to buy Israel-based Gilat Satellite Networks for $532 million (€470m) has hit a snag. The deal (70 per cent in cash and 30 per cent in Comtech Telecommunications common stock) was first announced by the pair in January. The obstacle is fairly fundamental and sees Comtech filing a formal complaint against Gilat (in […]

July 13, 2020