US Tier-1 Mobile Operator Awards Gilat a Multi-Million Dollar Service Contract for Cellular Backhaul
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) has secured a multi-million-dollar service contract with a Tier-1 Mobile Network Operator in the U.S. for cellular backhaul services. This partnership allows the MNO to enhance its LTE network coverage into remote areas using Gilat's satellite-based solutions, ensuring high service quality. Despite challenges from the COVID-19 pandemic, Gilat completed the LTE migration project on schedule, highlighting its commitment to customer support during unprecedented times.
- Secured a multi-million-dollar service contract with a Tier-1 MNO.
- Enhances LTE network coverage to remote areas using satellite technology.
- Completed the LTE cellular backhaul satellite migration project on schedule.
- Risks associated with COVID-19 could impact operations and demand.
PETAH TIKVA, Israel, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces the award by a Tier-1 Mobile Network Operator (MNO) in the United States, of a multi-million-dollar service contract for cellular backhaul.
The US Tier-1 MNO provides nationwide coverage with its LTE network that is extended with Gilat's cellular backhaul solution over satellite. Gilat's solution enables reach to remote areas and ensures high quality service and an excellent user experience. Gilat completed the LTE cellular backhaul satellite migration project according to schedule, during these challenging times imposed by the COVID-19 pandemic.
"Gilat is pleased to support the ongoing needs of the Tier-1 MNO and to provide high quality timely service," said Slava Frayter, Gilat’s RVP, North America. "Gilat continues to be committed to its customers during these unprecedented times and makes timely support a high priority."
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, 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. In addition, there is uncertainty about the spread of the COVID19 virus and the impact it will have on the Company’s operations, the demand for Company’s products, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the Company’s Securities and Exchange Commission filings. We undertake no obligation to update or revise any forward-looking statements for any reason. 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
Doreet Oren
DoreetO@gilat.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ba76e7a-34e1-4672-9061-62c81904794d
FAQ
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