Gilat Satellite Networks rises on distribution deal
Shares of Gilat Satellite Networks Ltd. (Nasdaq: GILT) are in the green following news after the close on Wednesday that the provider of digital satellite communication and networking products and services has signed an agreement with Airspan Networks Inc. (Nasdaq: AIRN) to resell Airspan’s WiMAX products worldwide. Financial details have not been made public.
At 3:57 p.m. ET, the stock was up $0.75, or 8%, to $10.25. For detailed price information and recent news stories about Gilat Satellite Networks, click GILT.
