Gilat Satellite Networks in telecoms joint venture

Gilat Satellite Networks has structured a joint venture with the major Brazilian Internet service provider UOL and Star One (a satellite services company controlled by MCI WorldCom). The venture sets up a high-speed, broadband Internet access service through a two-way satellite-based network using VSAT technology. Gilat was acting through its subsidiary Gilat-to-Home Latin America (Netherlands Antilles) NV. The transaction was concluded this autumn.