The Extended Service Agreements are Valued at Approximately
                            $16 Million

PETAH TIKVA, Israel, Jan. 3, 2012 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT) today announced that the Colombian Ministry
of Information Technology and Communications, through the "Fondo de
Tecnologías de la Información y las Communicaciones", has
extended its Social Telecommunications Program ("Compartel") agreements
for the provision of services under the Rural Communitarian Telephony
(TRC I and TRC II) and Telecentros (TLC 3) projects for an additional
nine-months period, through 30 September, 2012. The extended service
agreements are valued at approximately $16 million.

The Compartel service agreements are for projects that provide
telephony and Internet access to remote communities throughout rural
Colombia. The current extension of the agreements covers approximately
1,800 sites, benefiting over 4 million inhabitants residing in these
rural areas with limited or no access to basic telecommunications
services.

These sites include telephony centers, small community internet access
telecenters, known locally as CACI (Centro Acceso Comunitario a
Internet) sites, and larger telecenters. The telecenters and CACI sites
are equipped with computers, printers, scanners, faxes and webcams -
all provided by Gilat. The telecenters and a majority of the CACI sites
also include telephony services.

"This latest extension represents a strong vote of confidence in Gilat,
and we are honored to be able to play a key role in the Colombian
Government's goal to ensure that Colombian citizens are connected and
informed, especially those residing in the most remote regions of the
country," said Danny Fridman, CEO Gilat Colombia and Gilat Peru.

The extension follows the recent announcement by Gilat that it was
selected by the Colombian Ministry of Information Technology and
Telecommunication (MINTIC) to provide broadband Internet connectivity
to over 1,600 schools throughout the country's rural regions. The
project, also hosted by Compartel, is valued at approximately $18.5
million.

About Gilat

Gilat Satellite Networks Ltd. is a leading provider of products and
professional services for satellite-based broadband communications
networks worldwide. Gilat was founded in 1987 and has shipped over 1
million Very Small Aperture Terminals (VSATs) to more than 85 countries
across six continents. Gilat's headquarters is located in Petah Tikva,
Israel. The Company has 22 sales and service offices worldwide. Gilat
develops and markets an expansive range of broadband satellite
solutions including high-performance VSATs under the SkyEdge(TM) and
SkyEdge II brands, low-profile antennas for satcom-on-the-move, under
the RaySat Antenna Systems and the StealthRay(TM) brands and next
generation solid-state power amplifiers for mission-critical defense
and broadcast satellite communications systems under the Wavestream
brand. Gilat's wholly-owned subsidiary, Spacenet Inc., is a leading
provider of managed network services in North America to the business
and government segments. Visit Gilat at www.gilat.com.

The Gilat Satellite Networks Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5848

Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. The words "estimate", "project", "intend",
"expect", "believe" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements involve
known and unknown risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Gilat to be materially
different from any future results, performance or achievements that may
be expressed or implied by such forward-looking statements, including,
among others, changes in general economic and business conditions,
inability to maintain market acceptance to Gilat's products, inability
to timely develop and introduce new technologies, products and
applications, rapid changes in the market for Gilat's products, loss of
market share and pressure on prices resulting from competition,
introduction of competing products by other companies, inability to
manage growth and expansion, loss of key OEM partners, inability to
attract and retain qualified personnel, inability to protect the
Company's proprietary technology and risks associated with Gilat's
international operations and its location in Israel. For additional
information regarding these and other risks and uncertainties
associated with Gilat's business, reference is made to Gilat's reports
filed from time to time with the Securities and Exchange Commission.


CONTACT: Karen Mazor
         Gilat Satellite Networks
         karenm@gilat.com