Sky Net Selects Gilat’s Network for Cellular Backhaul in Myanmar
June 02 2016 - 7:22AM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that Sky Net, a leading Myanmar TV
station and systems integrator, selected Gilat’s network for
cellular backhaul in Myanmar.
Sky Net and Gilat won the bid of a prominent Mobile Network
Operator (MNO) for a turnkey solution for satellite-based cellular
backhaul. The MNO is one of four licensed operators in Myanmar,
collectively tasked with reaching 90% of the country by 2020.
Gilat is involved in several satcom projects in Myanmar as well
as with a foreign subsidiary of the MNO.
“We found an excellent local partner in Sky Net to deliver value
to the Myanmar market,” said Abhay Kumar, Gilat’s Regional Vice
President – Asia. "Together, we offer the best technology, the
fastest rollout schedule and the most flexible agreement.”
About Sky NetSky Net, a subsidiary of Shwe Than
Lwin Media Co. Ltd., is a leading Myanmar TV station and systems
integrator with approximately 2,000 employees. Sky Net, which
initiated DTH broadcasting in 2010 and MPS (Multi-Play Services) in
2011, uses satellite communications to assure complete countrywide
coverage.
Sky Net currently broadcasts over 100 channels, the majority of
which are international Pay-TV sports channels including all major
football leagues such as Spain La Liga, Italia Series A, German
Bundesliga, Braclays Premier League and French League 1. It also
acquired media rights to UEFA games (Euro, UEFA Champions and
Europa leagues) as well as the FIFA World Cup.
Sky Net also broadcasts in-house channels such as Myanmar
International, Myanmar National, Up to Date, Health, Education,
Tine Yin Thar (Ethnic Minorities), Police, Parliament (Hluttaw) and
Agriculture. The company prides itself on a strong commitment to
its customers and a very reasonable fee structure, reflected in its
motto, “Sky Net for the People”.
About GilatGilat Satellite Networks Ltd
(NASDAQ:GILT) (TASE:GILT) is a leading provider of products and
services for satellite-based broadband communications. Gilat
develops and markets a wide range of high-performance satellite
ground segment equipment and VSATs, with an increasing focus on the
consumer and Ka-band market. In addition, Gilat enables
mobile SOTM (Satellite-on-the-Move) solutions providing
low-profile antennas, next generation solid-state power amplifiers
and modems. Gilat also provides managed network and satellite-based
services for rural telephony and Internet access via its
subsidiaries in Peru and Colombia.
With over 25 years of experience, and over a million products
shipped to more than 90 countries, Gilat has provided enterprises,
service providers and operators with efficient and reliable
satellite-based connectivity solutions, including cellular
backhaul, banking, retail, e-government and rural communication
networks. Gilat also enables leading defense, public security and
news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using
Gilat's high-performance SOTM solutions. Gilat controlling
shareholders are the FIMI Private Equity Funds. For more
information, please visit us at www.gilat.com
Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "estimate", "project",
"intend", "expect", "believe" and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties. Many
factors could cause the actual results, performance or achievements
of Gilat to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements, including, among others, changes
in general economic and business conditions, inability to maintain
market acceptance to Gilat's products, inability to timely develop
and introduce new technologies, products and applications, rapid
changes in the market for Gilat's products, loss of market share
and pressure on prices resulting from competition, introduction of
competing products by other companies, inability to manage growth
and expansion, loss of key OEM partners, inability to attract and
retain qualified personnel, inability to protect the Company's
proprietary technology and risks associated with Gilat's
international operations and its location in Israel. We undertake
no obligation to update or revise any forward-looking statements
for any reason. For additional information regarding these and
other risks and uncertainties associated with Gilat's business,
reference is made to Gilat's reports filed from time to time with
the Securities and Exchange Commission.
Contact:
Gilat Satellite Networks
Doreet Oren
DoreetO@gilat.com
Comm-Partners LLC
June Filingeri, President
203-972-0186
junefil@optonline.net
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Sep 2023 to Sep 2024