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Gilat awarded five-year project for 3G/4G backhaul services in Peru

(12 November 2019 - Gilat) Gilat Satellite Networks announced today that it has been awarded a $10M five-year project for 3G/4G backhaul services in Peru.

The infrastructure and network that Gilat recently started to operate is the basis for mobile coverage to be provided by a large mobile infrastructure operator for the rural areas. Gilat expects that the current contract will significantly expand over time to additional multiple millions of dollars in this region, as well as in other regions operated by Gilat.

Leveraging the infrastructure and network deployed by Gilat, will allow the mobile infrastructure operator to reach their goal of bringing 4G mobile internet to rural locations and thousands of Peruvians who are in remote areas. The Gilat solution allows to overcome the complex geography that limits the arrival of telecommunications and will support an important positive impact on local economies by enabling access to information and digital platforms.

“The recently approved network operation opened the door for operators to provide additional services such as exemplified with the current contract, the first example over the implemented network,” said Arieh Rohrstock, General Manager Gilat Peru and Corporate VP. “This contract is directly in-line with our strategy to grow with recurring revenues from services over the operational network and to make Peru a large profitable business for Gilat going forward.”

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.