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Stock impact report

Gilat Awarded $10 Million for a Five-Year Project for 3G/4G Backhaul Services in Peru

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT) 
US:NASDAQ Investor Relations: gilat.com/investor-relations
Company Research Source: GlobeNewswire
PETAH TIKVA, Israel, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Gilat was 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 sup Show less Read more
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