New Extension and Amended Agreements Valued at Approximately
                               $21M

PETAH TIKVA, Israel, Jan. 5, 2011 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking
technology, solutions and services, today announced that the Ministry
of Information Technology and Communications in Colombia, with the
National Fund of Development (FONADE), has extended and amended the
agreements for the provision of services under the Rural Communitarian
Telephony and Telecentros projects for an additional one-year term,
through December 31st, 2011. The extended service agreements are valued
at approximately $21 million.

These service agreements are for projects that provide telephony and
public data access to remote communities throughout rural Colombia. The
current extension of the agreements covers approximately 1600 sites
that will be served by Gilat throughout 2011 and includes certain
performance indicators and schedules of new installations. The new
sites include telephony sites, small community internet access
Telecenters known locally as CACI sites, and larger Telecenters. The
Telecenters are equipped with telephones, computers, printers,
scanners, faxes and webcams all provided by Gilat.

As part of the agreements, the Telecenters' administrators will be
qualified by Gilat to conduct computer and internet literacy training
for the community members. Gilat will also upgrade over 850 existing
CACI sites to increase the download and upload data rates twofold, from
256kbps/64kbps to 512kbps/128kbps, which will allow the users to
benefit from applications that are more bandwidth intensive. As part of
the agreements, Gilat will also transfer up to 337 existing CACIs from
sites where terrestrial coverage is now available, to new remote
locations where broadband and telephony infrastructure have not yet
existed.

"We are pleased to continue playing a key role in this important
initiative of the Colombian Ministry of Information Technology and
Communications that enables affordable telephony and Internet access to
rural communities throughout the nation with no access to alternative
connectivity." said Amiram Levinberg, Gilat's CEO and Chairman of the
Board.

This latest extension continues Gilat's engagement with the Colombian
Ministry of Information Technology and Communications as announced over
recent years:


  --  In December 2008, Gilat announced the signing of new agreements for
      earlier projects for the provision of telephony and Internet access
      services to remote communities;
  --  In August 2009, Gilat announced the successful deployment of the SkyEdge
      II broadband satellite communications network at more than 1300 sites as
      part of the arrangements with the Colombian Ministry of Information
      Technology and Communications to upgrade service; and
  --  In January 2010, Gilat announced that the Ministry of Information
      Technology and Communications in Colombia extended and amended the
      service agreements for an additional one-year term, through December
      2010.




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
750,000 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 16 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 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:  Gilat Satellite Networks Ltd.
          Media Contact:
          Robert Bell
          +972-3-925-2472
          robert@gilat.com