Business
Gilat Awarded Over $10 Million for a Five-Year Service Project for 4G Backhaul Services in Latin America
Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of
About this update from Gilat Satellite Networks Ltd.
[{"type":"text","content":"Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time\nPETAH TIKVA, Israel, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces the award of over $10 Million for a five-year service project for 4G backhaul services in Latin America. The contract calls for providing coverage to half a million people in hundreds of sites in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time.\n\n \n \n \n \n \n \n \n \n \n \n \n Over $10M Awarded for Five Year Service Project\n \n \n \n \n \n \n \n \n\n Gilat is working closely with the government and the private sector to provide connectivity this year to hundreds of villages via the 4G network. Gilat is heavily engaged in supplying the population with broadband connectivity and access to applications such as e-health and e-education. Furthermore, four hundred additional villages are expected to be connected next year. \"This contract is an important milestone and a vote of confidence in Gilat's abilities to both improve internet speeds and extend coverage to hundreds of rural villages,\" said Adi Sfadia, Gilat's interim CEO. \"Gilat is proud to play a significant role in closing the digital divide that is aligned with our vision to better the lives of people in Latin America as well as worldwide.\" 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...