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Article: Alcatel Joins SES GLOBAL and Gilat Satellite Networks In Satlynx.
- Article from:
- Business Wire
- Article date:
- June 19, 2003
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Business Editors/High-Tech Writers
PARIS, JERUSALEM & BETZDORF, Luxembourg--(BUSINESS WIRE)--June 19, 2003
GLOBAL (Luxembourg and Frankfurt Stock Exchanges SESG) and Gilat Satellite Networks Ltd. (Nasdaq: GILTF), the joint founding shareholders of SATLYNX, Europe's premier 2-way satellite broadband services provider, today announced that Alcatel Space and SkyBridge LP, subsidiaries of Alcatel (Paris: CGEP.PA; NYSE: ALA), have joined the company and made an investment which will yield up to a 17.9% stake in the venture.
In related agreements, Alcatel, under contract to SES, will expand and provide SATLYNX's product line to include a DVB-RCS ...