Globe Awards Gilat Five Year Multi-Million Dollar Contract for Managed Service Satellite Backhaul for Cellular Services
September 11 2017 - 6:06AM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that Globe Telecom, Inc. (PSE:GLO) has
chosen Gilat for a five year multi-million dollar managed service
contract, to enable accelerated deployment for the mobile
operator’s rapid network expansion throughout the Philippines.
Gilat is to deliver its leading Satellite backhaul for Cellular
Network as a managed service to provide data and voice services
over 2G/3G/LTE to all regions requiring improved connectivity and
broadband access, while maintaining a strict service level
agreement (SLA). This service will enable Globe to provide voice
and data coverage over satellite in the challenging terrain of the
Philippines.
“This is a breakthrough project for Globe. By using Gilat’s
innovative VSAT technology, we can deliver mobile broadband data
services in remote rural areas that previously had no connectivity,
in a cost effective manner. At the same time, this will allow us to
quickly augment our transmission capacity in our 4G network to meet
ever-increasing mobile data usage. Moreover, this innovative VSAT
technology will be used to provide for rapid disaster
communications in combination with network-in-a-box technology
during catastrophic incidences. We envision this project to improve
the delivery of our mobile broadband network for quality and
excellent user experience to our customers, especially in remote
rural areas,” said Emmanuel Estrada, Globe Senior Vice President
for Technical Service Design.
“We are honored to have been selected by Globe to support their
vision of providing high quality internet services to all users in
the Philippines,” said Abhay Kumar, RVP Asia at Gilat. “This
project is closely aligned with Gilat’s strategy and investments to
offer outstanding technological innovation as a managed service in
support of telecom service providers who are seeking to provide
their consumer and enterprise customers plentiful, quality and
affordable broadband."
About Globe
Globe Telecom is the leading full service telecommunications
company in the Philippines, serving the needs of consumers and
businesses across an entire suite of products and services
including mobile, fixed, broadband, data connections, internet and
managed services. Its principals are Ayala Corporation and
Singtel who are acknowledged industry leaders in the country and in
the region. For more information, visit www.globe.com.ph.
Follow us on Twitter: http://twitter.com/talk2Globe and Facebook:
http://facebook.com/GlobePH.
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. For more information, please visit:
www.gilat.com
Certain statements made herein that are not historical are
forward-look ng 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
203-972-0186junefil@optonline.net
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Apr 2023 to Apr 2024