MADRID and PETAH TIKVA, Israel, Aug. 2,
2018 /PRNewswire/ -- Hispasat, the Spanish satellite
communications operator and world leader in the distribution of
content in Spanish and Portuguese, and Gilat Satellite Networks
Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in
satellite networking technology, solutions and services, have
entered into a partnership to commercialize Hispasat's Ka band
satellite capacity over Brazil,
with an estimated potential revenue of tens of millions of dollars
over a period of several years. The contract enables Hispamar, a
Hispasat subsidiary, to deliver consumer broadband and enterprise
services to local Internet Service Providers (ISPs). In this way
quality access to the Internet may be offered to every city, town,
and community in the country, even in remote areas, thus reducing
the digital divide and promoting regional development.
Hispasat and Gilat are joining forces to develop the satellite
broadband market in Brazil.
Hispamar will utilize the recently launched Amazonas-5
multi-spot-beam Ka satellite capacity, as well as Amazonas-3 Ka
capacity, while leveraging Gilat's SkyEdge II-c multi-service
platform, versatile VSAT equipment, Network Operation Center (NOC),
and field support services.
"We are pleased to expand the scope of our longstanding
relationship with Gilat, to now enter into this partnership for the
delivery of broadband services over satellite to the people of
Brazil," said Ignacio Sanchis, Chief Commercial Officer at
Hispasat. "Gilat has proven the superiority of its HTS platform and
we are confident that Gilat's leading technology and services will
provide Hispamar with a competitive edge for successful service
expansion throughout Brazil. With
this joint effort, we will bring high quality connectivity to any
point in the country and open the doors to digital world to the
people living there."
"We are pleased to partner with Hispasat to deploy our globally
proven multi-service SkyEdge II-c platform for the benefit of the
people in this region," said Ron
Levin, VP Mobility and Global Accounts at Gilat. "Hispasat's
widespread Ka HTS capacity across Latin
America is the perfect fit for materialization of our vision
and commitment to deliver quality, plentiful and affordable
broadband to unserved and underserved areas in Brazil and in the region."
About Hispasat
HISPASAT is comprised of companies that have a presence in
Spain as well as in Latin America, where its Brazilian affiliate
HISPAMAR is based. HISPASAT is a world leader in the distribution
and broadcasting of Spanish and Portuguese content, and its
satellite fleet is used by important direct-to-home television
(DTH) and high-definition television (HDTV) digital platforms.
HISPASAT also provides satellite broadband services and other added
value solutions to governments, corporations and telecommunication
operators in America, Europe and
North Africa. HISPASAT is one of
the world's largest companies in its sector in terms of revenue,
and the main communications bridge between Europe and the Americas.
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
Director Corporate Communications
DoreetO@gilat.com
Comm-Partners LLC
June Filingeri
President
JuneFil@optonline.net
HISPASAT
María Felpeto
Communication Department
mfelpeto@hispasat.es
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SOURCE Gilat Satellite Networks