Telefonica International Wholesale Services (TIWS) Selects Gilat for Broadband and Cellular Backhaul Project in Argentina
PETAH TIKVA, Israel, July 15, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces the selection of Gilat by Telefonica International Wholesale Services (TIWS), a subsidiary of Telefonica Group, for a satellite communication project in Argentina including rural broadband services and cellular backhaul. Gilat's expertise and presence complemented by its local partner, Planex, enabled fast delivery during these challenging times imposed by the COVID-19 pandemic.
Gilat's SkyEdge II-c multi-service platform was selected due to its ability to adjust to the technical / business needs of the project. For the current project in Argentina, Gilat was able to adapt to TIWS requirements in record time. Obstacles stemming from the COVID-19 pandemic were overcome and delivery of the SkyEdge II-c hub and 1700 VSATs was supplied in a couple of weeks.
Gilat provides a significant advantage in Latin America, due to its local presence and expertise, as well as strong established local partnerships and past investments, thus accelerating time to market and reducing risk.
"Gilat is a long-time regional player and supplier of TIWS and we are pleased with their fast delivery in Argentina, with the support of their local partner, Planex, particularly during this pandemic," said Gustavo Arditti, Satellite Business Unit Director, TIWS. "'TIWS will deploy Gilat's platform to serve our needs for both rural broadband as well as cellular backhauling over satellite."
“We are delighted to have been selected by TIWS to quickly provide the required hub and VSAT equipment answering specific requirements and overcoming challenges imposed by the current pandemic," said Tobias Dezordi, Regional Vice President Latin America at Gilat. "This deal demonstrates Gilat's readiness to support Telefonica's teams of excellence worldwide to tackle their global requirements."
About Telefónica International Wholesale Services (TIWS)
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.
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