Gilat Selected to Extend and Expand Managed Service Cellular Backhaul Project by a Leading Mobile Operator in Mexico
July 22 2020 - 7:09AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announces that Gilat received an extension for an 18-month managed
service cellular backhaul project from a leading Mobile Network
Operator (MNO) in Mexico.
The leading MNO will provide 3G and 4G services over Gilat's
satellite backhaul to remote regions where terrestrial means such
as fiber and microwave are not available. In addition, Gilat's
satellite platform will allow the mobile operator to use
transportable VSATs, for disaster recovery, thus ensuring
connectivity anywhere in Mexico at all times. The capacity increase
of 40% will enable Gilat to provide a superior end-to-end solution
for the operator to expand its service into remote villages
cost-effectively.
"We are pleased to strengthen our relationship with our partner
and to continue to provide quality end-to-end service and high
performance with our leading technology, providing excellent
spectral efficiency," said Tobias Dezordi, Regional Vice President
Latin America at Gilat. "This project is a testament not only to
Gilat's ongoing technological leadership but also to Gilat’s local
presence and expertise in delivering a highly reliable service,
meeting rigorous SLAs, that has led our partner to provide an
18-month extension to the managed service contract.”
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-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. In addition,
there is uncertainty about the spread of
the COVID19 virus and the impact it will have on the
Company’s operations, the demand for Company’s products, global
supply chains and economic activity in general. These and other
risks and uncertainties are detailed in the Company’s Securities
and Exchange Commission filings. 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
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