Internet Para Todos Expands Services Contract with Gilat
PETAH TIKVA, Israel, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Internet para Todos (IPT) in Peru is expanding its contract with Gilat, for 4G cellular backhaul services over the Internet.
IPT is a global collaborative between Telefónica, Meta (formerly Facebook), IDB Invest, and CAF. The initiative is bridging the digital divide in Latin America and providing internet connectivity to remote regions of Peru.
Gilat provides 4G cellular backhaul services over the internet that are being deployed at more than 100 new sites to provide coverage to rural zones through Gilat’s access network. The new multi-year contract addresses 4G connectivity to smaller villages and is expected to further grow over time.
"The services from Gilat have been instrumental in helping us to supply the population of Peru with broadband connectivity, even in the most rural regions," said Teresa Gomes, CEO at IPT.
“It’s an honor to expand this important, continuing work with IPT, helping them to overcome technical and economic barriers to bridge the digital divide and increase connectivity in rural areas," said Arieh Rohrstock, Corporate SVP and General Manager Gilat Peru.
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. 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.
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