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Stock impact report

Gilat Satellite Networks Awarded approximately $4 Million Contract to Provide Connectivity for rural areas in Latin America

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT) 
US:NASDAQ Investor Relations: gilat.com/investor-relations
Company Research Source: GlobeNewswire
PETAH TIKVA, Israel, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has secured approximately $4 Million contract to provide rural connectivity including banking transactions in Latin America for a period of 3 years. Gilat provides critical connectivity for people living in remote areas who rely on the bank for payment services, as well as support services for senior citizens, families, and other underserved populations. Gilat provides satellite communications solutions to distant branches, as well as satellite backup links, to ensure connectivity and business continuity. This is critical for the bank’s operation for core banking, e-mail, security, ATMs and Point of Sale. “We are very pleased to support essential banking services in the rural areas of Latin America,” stated Ron Levin, Gilat’s Chief Commercial Officer. “Over the years Show less Read more
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