One of World’s Largest MNOs to Deploy Gilat’s 4G Cellular Backhaul over Satellite Technology

Rhea-AI Summary

Gilat Satellite Networks Ltd. (GILT) has announced a significant contract with a major Mobile Network Operator (MNO) in Asia to deploy its 4G cellular backhaul over satellite technology. This deployment, set for the first quarter of 2022, aims to enhance voice and data services for hundreds of millions of subscribers. The selected technology has an impressive market adoption rate of around 80%, highlighting its proven track record. This contract is viewed as a key market penetration success with potential for future expansions.

Positive

• New contract with a major MNO enhances market presence.
• 4G cellular backhaul technology has 80% market adoption.
• Expected increase in business opportunities globally.

Negative

• None.

Gilat will enable the MNO to provide Voice and Data over LTE to its subscribers, with deployment expected in first quarter of 2022

PETAH TIKVA, Israel, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that one of the world’s largest Mobile Network Operators (MNOs) will deploy 4G cellular backhaul over satellite technology from Gilat.

The top-tier MNO, serving hundreds of millions of subscribers in Asia, will implement Gilat’s SkyEdge II-c system and Capricorn Outdoor VSATs, which will enable improved Voice and Data over LTE services for its mobile subscribers. This 4G cellular backhaul solution over satellite is expected to be deployed in the first quarter of 2022.

"This new deal represents a major market penetration achievement with significant upside potential for Gilat," said Michal Aharonov, Chief Commercial Officer at Gilat. "Already proven worldwide with market adoption of about 80%, our industry-leading 4G cellular backhaul over satellite solution was selected because of its superior technology and proven track record. We expect to see an expansion of business with this top-tier MNO, and other MNOs throughout the world, as we move forward into 2022.”

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 is the significance of Gilat's new contract with the MNO?

The contract represents a major market penetration achievement for Gilat, potentially increasing business opportunities in the satellite communications sector.

When is the deployment of the 4G technology expected to occur?

The deployment of the 4G cellular backhaul solution is expected in the first quarter of 2022.

What technology will Gilat provide to the MNO?

Gilat will provide its SkyEdge II-c system and Capricorn Outdoor VSATs for enhanced Voice and Data over LTE services.

How many subscribers will benefit from this deployment?

The deployment will benefit hundreds of millions of subscribers served by the MNO in Asia.

What is Gilat's market adoption rate for its technology?

Gilat's 4G cellular backhaul over satellite solution has a market adoption rate of about 80%.