A satellite broadband company with a history of financial problems now behind it is hoping a new market focus and its acquisition by an established industry player will make it more profitable for its new owner. StarBand Communications Inc., which provides satellite broadband services largely to rural users, emerged from 18 months in bankruptcy protection in November of 2003. After a round of cost cutting the company began looking for new sources of funding and in March 2005 it was acquired by Spacenet Inc., a McLean, Va.-based subsidiary of Gilat Satellite Networks Inc. of Israel.
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