Gilat Advances Connectivity in Peru with New $25 Million Deal

Gilat's New Agreement Enhances Connectivity in Peru

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a frontrunner in satellite networking technology, recently announced a significant stride towards digital inclusion in Peru through a $25 million agreement signed by its Peruvian subsidiary, Gilat Perú. This contract was established with Pronatel, Peru’s prominent national telecommunications program, specifically targeting the modernization of the broadband network within the Cusco region.

Details of the Broadband Expansion Project

The modernization initiative aims to enhance internet access and is set to unfold over the upcoming twelve months, with services scheduled for delivery across a span of five years. The upgraded network is designed to provide high-speed internet service, reaching up to 200 Mbps, which will directly benefit approximately 208 public institutions including schools, health centers, and police stations. Additionally, the rollout includes 69 public free WiFi hotspots, an essential development for improving community access to education, healthcare, and public safety services. This initiative is not just about immediate results; it also sets the stage for future growth in terms of bandwidth capacity, especially in rural areas that require it the most.

Significant Impacts on Local Communities

This latest venture reflects Gilat's enduring relationship with the Peruvian government and underscores its dedication to enhancing connectivity throughout even the most underserved regions of the country. "Our extensive experience in executing large-scale connectivity projects throughout Peru enables us to ensure a swift and efficient transition for this modernization,” stated Arieh Rohrstock, Corporate Senior Vice President and President of Gilat Peru. He further emphasized the importance of collaborating with Pronatel to expand digital inclusion, ensuring that critical public services are reinforced within Peru’s remote communities.

Gilat's Commitment to Connectivity

Gilat Satellite Networks is renowned for its vast experience and leadership in satellite-based broadband communications. With over 35 years in the industry, the company continuously develops innovative solutions for satellite connectivity aimed at both commercial and defense applications. Their commitment extends beyond merely providing technology; Gilat believes that every individual deserves connectivity, helping bridge the digital divide worldwide.

Products and Services Offered by Gilat

Alongside its subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—Gilat offers a range of integrated, high-value solutions that cater to multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS). Their extensive product portfolio includes cloud-based platforms, modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas, and solid-state power amplifiers (SSPA). From public safety to education, Gilat’s solutions cater to diverse applications and stringent service requirements.

Future Prospects for Digital Connectivity

As Gilat progresses with this project, they underscore a future where connectivity plays a crucial role in facilitating societal development, governmental operations, and economic growth. Their focus remains steadfast on providing tailored communication solutions that reach every corner of the world. With this latest agreement, Gilat not only strengthens its business foothold but also contributes meaningfully to the communities it serves.

Frequently Asked Questions

What is the purpose of Gilat's new agreement in Peru?

The agreement aims to modernize Peru's Regional Broadband network, enhancing digital inclusion for education, healthcare, and public services.

How much is the new agreement worth?

The agreement is valued at $25 million.

Who is involved in the partnership with Gilat for this project?

Gilat is partnering with Pronatel, Peru's national telecommunications program, for this initiative.

What benefits will the upgraded network provide?

The upgraded network will provide high-speed internet access of up to 200 Mbps to 208 public institutions and 69 free public WiFi hotspots.

How long does the project span?

The network modernization is planned over the next 12 months, with services to be delivered for five years.

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