Telefonica Global Solutions (TGS) Selects Gilat to Equip Strategic Teleport in Arica, Chile
May 11 2021 - 7:03AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced that it was selected by Telefonica Global
Solutions (TGS) to equip the strategic teleport in Arica, Chile.
The Arica teleport is located under gateway beams of multiple
satellites with coverage over several countries in the region.
Gilat's platform is designed to support social inclusion with rural
Internet for schools and to provide significant potential for
business opportunities for broadband access and cellular backhaul
throughout Latin America.
Gilat's SkyEdge II-c multi-service platform provides a
significant advantage in Latin America, due to the local team
presence and expertise, thus accelerating time to market and
reducing risk. Gilat was able to answer TGS' requirements for
urgent shipment and on-time delivery, overcoming difficulties
imposed by the COVID-19 pandemic.
"Gilat is a long-time regional player and supplier of TGS and we
are pleased with their professional and efficient processes
enabling fast delivery under challenging conditions," said Gustavo
Arditti, Satellite Business Unit Director at TGS.
"This deal demonstrates Gilat's commitment and ability to
support Telefonica's teams of excellence worldwide to tackle their
global requirements," said Michal Aharonov, Senior Vice President
Global Broadband Networks at Gilat. "We are excited about the
massive joint regional business opportunities with TGS by investing
in this strategic location and developing a long-term business
relationship with TGS."
About Telefónica Global Solutions
(TGS) Telefónica Global solutions (TGS) delivers
world-class international services and platforms
to multinational companies, wholesale carriers, fixed and
mobile operators, OTTs, service
providers and aggregators. Offering a global
footprint, with particularly strong presence in Europe and Latin
America, we provide our customers with high quality connectivity,
digital platforms and a wide range of innovative solutions. Our
global service portfolio includes Voice & UCC, Networking,
Mobile, Satellite, Cloud, Security and IoT & Big Data. TGS is
owned by Telefonica.
About TelefonicaTelefónica is one the largest
telecommunications service providers in the world. The company
offers fixed and mobile connectivity as well as a wide range of
digital services for residential and business customers. With 344
million customers, Telefónica operates in Europe and Latin
America. Telefónica is a 100% listed company and its shares
are traded on the Spanish Stock Market and on those in New York and
Lima.
About GilatGilat 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-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, risks
associated with the outbreak and global spread of the coronavirus
(COVID-19) pandemic; 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. 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. We undertake no obligation to update or revise any
forward-looking statements for any reason.
Contact:Gilat Satellite NetworksDoreet Oren,
Director Corporate CommunicationsDoreetO@gilat.comGK Investor and
Public RelationsEhud Helft, Managing Partnerehud@gkir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45287997-f910-4064-811e-418cdb724836
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