Jan. 3 (Bloomberg) -- Gilat Satellite Networks Ltd. advanced to the highest level in almost five months after the developer of satellite-networking technology said it extended service agreements in Colombia.
The shares rose 2 percent to 15.67 shekels, the highest intraday level since Aug. 10, at 4:06 p.m. in Tel Aviv.
Gilat valued the extended services with the Colombian Ministry of Information Technology and Communications at $16 million, according to a filing with the Tel Aviv Stock Exchange.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com