Via Satellite: It’s Over — Comtech and Gilat Terminate Merger
NSR believes the pandemic weighed strongly on how Comtech valued Gilat, as Gilat’s position in the pre-COVID, growing In-Flight Connectivity (IFC) market was a main driver for the acquisition.
“While we all expect the airline industry to recover, the risk factor for such acquisition went considerably up for Comtech and shifted business expectations to the right,”