PARIS — Satellite ground hardware provide Gilat Satellite Networks spent much of 2020 cutting staff and other costs and coping with the free-fall in its in-flight-connectivity (IFC) business as the Covid pandemic grounded planes.
If there was ever a year to have a planned merger unilaterally cancelled by a counter-party, 2020 was it: Comtech Telecommunications Corp.’s decision to scrap the merger resulted in a $70 million cash payment to Gilat. http://bit.ly/34stJsM
