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THAICOM And Gilat Satellite Networks Announce Partnership Agreement

Stocks in this article: GILT

PETACH TIKVA, Israel, June 19, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services and THAICOM Public Company Limited (SET BKK:THCOM), Asia's leading satellite operator announced today the signing of a Cooperation Framework Agreement.

As part of this agreement, the companies will provide customers across the Asia-Pacific region with an integrated solution using Gilat's satellite ground equipment in conjunction with THAICOM-4 (IPSTAR) high throughput satellite.

"We are very pleased to sign the cooperation framework agreement with Gilat," stated Ms. Suphajee Suthumpun, Chairman of the Executive Committee and CEO of THAICOM. "Our two companies have a solid long term relationship as highlighted by the very successful collaboration in the National Broadband Network (NBN) project in Australia. This agreement will further strengthen our partnership in the region and provide a competitive solution for our customers."

This cooperation is another step in THAICOM's Open Access Platform (OAP) strategy, which allows technology equipment vendors to access THAICOM-4 (IPSTAR) high throughput satellite, providing customers with more choices and flexibility to better serve their requirements.

"The Asia-Pacific region is a significant growing market for Gilat," said Erez Antebi, CEO of Gilat Satellite Networks. "We are pleased to expand this very important partnership with THAICOM. We view this agreement as strategic for both Gilat and for our customers throughout the region. The increased cooperation will serve to bring our customers an even more attractive broadband satellite-based solution that combines our SkyEdge II-c platform and the IPStar satellite capacity."

About THAICOM

THAICOM Plc. was established in 1991 with more than 20 years of experience in the satellite business. THAICOM is Asia's leading satellite operator with unique proposition in providing integrated solutions for satellite broadcast and broadband services. The Company has already launched five satellites since its inception.  THAICOM 5 is a "Hot bird" broadcasting satellite for Thailand and SE Asia, boarding more than 470 TV channels. THAICOM-4 (IPSTAR) is the world's first broadband satellite and is providing broadband services to 14 countries across Asia-Pacific. The Company will launch THAICOM-6 in 2013 providing additional capacity to strengthen THAICOM's "Hot bird" position, and will also serve the African market under the name "Aficom-1". THAICOM-7 will be launched in 2014 to expand THAICOM's service capacities and coverage in the regions.

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