December 20, 2015

Gilat Satellite Networks, a leader in satellite networking technology, solutions and services, has reported a new award by Peru of a regional telecommunications infrastructure project for $108 million, in the region of Cuzco.

This new project is in addition to the projects previously awarded to Gilat by Fitel (Fondo de Inversion enTelecomunicaciones / Telecommunications Investment Fund) in the regions of Huancavelica, Ayacucho and Apurimac and which are currently underway.

“The fact that Gilat was awarded an additional regional project by Fitel for $108 million testifies to the confidence placed in our ability to deploy massive telecommunications projects under challenging conditions. We continue to expand Gilat’s ability to win and execute large-scale rural broadband connectivity projects, in accordance with Gilat’s strategy,” said Dov Baharav, Chairman and interim CEO of Gilat.

The Israeli company makes equipment for sending and receiving satellite transmissions. Gilat’s projects will connect about 615 public institutions and 371 remote villages to broadband services.

“On top of the bid, Gilat expects additional revenues to be generated by enabling cellular carriers to acquire network capacity to address the growing needs for voice, data, and internet in these regions,” said Baharav.

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Jason Harris

Jason Harris

Executive Director

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