Gilat Awarded $13M Contract by Pronatel for Delivery of Internet Services to Hundreds of Sites in Peru
Gilat Satellite Networks has secured a $13M contract from Pronatel to provide public free WI-FI services across Ayacucho, Apurímac, Huancavelica, and Cusco in Peru over the next two years. This initiative aligns with the Peruvian government's efforts to enhance internet access for education during the pandemic, supplying students with the necessary tools to connect remotely. Gilat's infrastructure will support hundreds of hotspots aimed at improving educational resources, presenting potential for significant future revenue growth.
- Awarded a $13M contract from Pronatel for WI-FI services in Peru.
- Supports government initiative to enhance educational access during the pandemic.
- Potential for expansion to additional sites, opening avenues for future revenue.
- None.
Gilat to supply WI-FI services over a two-year period to the regions of Ayacucho, Apurímac, Huancavelica and Cusco
PETAH TIKVA, Israel, June 03, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today the award of a
Gilat is engaged in support of the Peruvian government to enable education over the internet, a particularly important mission during the ongoing pandemic. The government is supplying thousands of tablets to students for the purpose of accessing educational material. Gilat is installing hotspots in hundreds of city squares, which include a local server with digital education material, for the benefit of the students. Gilat is providing connectivity services, the wireless access solution and infrastructure for the WI-FI internet coverage.
"The agreement signed with Gilat Peru will enable more Peruvians to connect for free to high-speed internet through their own devices within the coverage areas of the main squares," said Carlos Lezameta, Pronatel’s Chief Executive. "This service in the first four regions is part of Pronatel's larger initiative to provide Regional Broadband Projects."
"Gilat is committed to delivering broadband connectivity to the students of Peru, addressing this critical need during the pandemic, when schools are closed," said Arieh Rohrstock, General Manager Gilat Peru and Gilat's Corporate SVP. "This award is in-line with our strategy to grow services over the networks, where we see great potential for additional millions of dollars of recurring revenue."
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).
Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com
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, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; 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. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Doreet Oren, Director Corporate Communications
DoreetO@gilat.com
GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e09d54c-84b2-4c5b-a1cc-968b9545bd92
FAQ
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