Leading Mobile Operator in Mexico Extends 4G Cellular Backhaul Recurring Revenue Managed Services Project with Gilat

Rhea-AI Summary

Gilat Satellite Networks (Nasdaq: GILT) announced a 12-month extension of its managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico. This project enables 3G and 4G services in regions lacking terrestrial connectivity and supports disaster recovery through transportable VSATs. Gilat's technology and local expertise were key factors in receiving this extension, highlighting the company's reliability and service quality.

Positive

• 12-month extension of recurring revenue managed services contract with a leading MNO in Mexico.
• Gilat's technology enables 3G and 4G services in remote areas lacking terrestrial connectivity.
• Increased reliability through transportable VSATs for disaster recovery.

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• None.

Gilat’s superior end-to-end solution ensures reliable cellular and disaster recovery services in remote regions throughout Mexico

PETAH TIKVA, Israel, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company received a 12-month extension on its recurring revenue managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico.

The leading MNO is providing 3G and 4G services over Gilat's satellite backhaul to remote regions where terrestrial means, such as fiber and microwave, are not available. In addition, Gilat's satellite platform allows the mobile operator to use transportable VSATs for disaster recovery, thus ensuring connectivity anywhere in Mexico at all times.

“This customer has extended its managed services 4G cellular backhaul project with us due to the value provided by Gilat’s comprehensive end-to-end service and our local presence in the region,” said Tobias Dezordi, Gilat’s Regional Vice President for Latin America. “Ongoing business with industry leaders is a testament to Gilat's technological superiority, as well as to our expertise in delivering highly reliable services that meet rigorous SLAs.”

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, Senior Director Corporate Communications
DoreetO@gilat.com

GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com

FAQ

What recent contract extension did Gilat Satellite Networks announce?

Gilat announced a 12-month extension of its managed services 4G cellular backhaul project with a leading Mobile Network Operator in Mexico.

How does Gilat's solution benefit remote regions in Mexico?

Gilat's solution provides 3G and 4G services in remote areas where terrestrial connectivity is unavailable and supports disaster recovery.

What is the stock symbol for Gilat Satellite Networks?

The stock symbol for Gilat Satellite Networks is GILT.

What technology does Gilat use for cellular backhaul in Mexico?

Gilat employs its satellite backhaul technology to deliver reliable cellular services and disaster recovery options.