In an announcement to the LSE, Gilat Satcom stated that the parties were unable to reach a final agreement.
Gilat- Satcom Systems (TASE: STCM), today announced to the London Stock Exchange that negotiations for the acquisition of SkyVision Holdings Ltd. have ceased as the parties were unable to reach a final agreement.
The negotiations were first reported by "Globes" in September.
Gilat Satcom a provider of satellite broadband services in the developing world.
SkyVision provides international Internet services over satellite and terrestrial fibre optic systems, operating in Eastern Europe, the Balkans, Russia, Ukraine, the Mediterranean basin, East Asia and Africa.
Published by Globes [online], Israel business news - www.globes.co.il - on Wednesday, December 07, 2005