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Home Telecom News Corporate / Enterprise Gilat in Talks to Buy Airspan Networks

Gilat in Talks to Buy Airspan Networks

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­Gilat Satellite Networks is reported to be in talks to buy WiMAX equipment maker Airspan Networks - says Israeli newspaper, Globes.

The newspaper noted that the talks are in very early stages, with no guarantee that they will lead to a deal.

Just over a year ago, Gilat considered signing an OEM agreement with Airspan, but the talks fell through.

Pink-sheet listed Airspan, has a market cap that averages just $5 million, although the share price jumped sharply on the report of the takeover talks.



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