Followers | 145 |
Posts | 27566 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Thursday, December 17, 2015 9:07:10 AM
Today : Thursday 17 December 2015
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, today reported a new award by Peru’s Fitel (Fondo de Inversion en Telecomunicaciones / Telecommunications Investment Fund) of a regional telecommunications infrastructure project for $108 million, in the region of Cusco. This new project is in addition to the projects previously awarded to Gilat by Fitel in the regions of Huancavelica, Ayacucho and Apurimac 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.
“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,” added Mr. Baharav.
“We have taken an additional step for the development of Peru. Today we start covering new villages with high speed broadband. I'm pleased because strategic alliances between public and private sectors are strengthening with those projects,” added Mr. Jose Gallardo Ku , Minister of Transport and Communications.
About the Fitel Peru Award
Fitel’s regional initiative represents the complementary phase of the Peruvian National Fiber Backbone project, aimed to connect rural villages to broadband services. Within the framework of this phase, Gilat won the bid for a regional project – in Cusco located in the south of Peru.
The fiber-optic Transport networks will be built and immediately transferred to the Ministry of Telecommunications, while the Access networks based on wireless technologies will be built and operated for 10 years before being transferred to the Ministry.
In the frame of the Access network operation obligations, Gilat will connect about 615 public institutions and 371 remote villages to broadband services.
Recent GILT News
- Gilat Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/08/2024 11:05:57 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 11:04:01 AM
- SES’s O3b mPOWER System Launches Service via Gilat’s SkyEdge IV Platform • GlobeNewswire Inc. • 05/07/2024 11:03:55 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 11:00:19 AM
- Gilat to Participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024 • GlobeNewswire Inc. • 05/02/2024 11:03:48 AM
- Gilat to Report First Quarter 2024 Results on May 8th • GlobeNewswire Inc. • 04/17/2024 11:04:08 AM
- Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service Provider • GlobeNewswire Inc. • 04/10/2024 11:42:53 AM
- Gilat Received Multimillion-Dollar Order from a Leading Defense Organization • GlobeNewswire Inc. • 04/09/2024 11:04:30 AM
- Gilat Expanding into Additional IFC Market Segments After Receiving Over $3 Million in Orders from a Leading IFC Service Provider • GlobeNewswire Inc. • 04/08/2024 11:05:52 AM
- Gilat Awarded Over $3M Follow-On Order for Public WiFi Service in Latin America • GlobeNewswire Inc. • 04/04/2024 11:05:13 AM
- Gilat Awarded Over $5 Million Order from the US Department of Defense • GlobeNewswire Inc. • 04/03/2024 11:04:46 AM
- US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity • GlobeNewswire Inc. • 04/02/2024 11:04:14 AM
- Gilat Awarded Over $13M in Additional Orders from Satellite Operators for its World Leading SkyEdge IV and SkyEdge II-c Platforms • GlobeNewswire Inc. • 04/01/2024 11:09:28 AM
- Gilat Awarded $5 Million Order from the US Department of Defense • GlobeNewswire Inc. • 03/28/2024 11:06:09 AM
- Gilat Satellite Networks to Present at the 2024 LD Micro Invitational Conference • GlobeNewswire Inc. • 03/26/2024 11:12:26 AM
- Gilat Announces Filing of 2023 Annual Report • GlobeNewswire Inc. • 03/20/2024 01:53:36 PM
- Gilat Unveils Cloud and 5G NTN Evolution Strategy for SkyEdge IV • GlobeNewswire Inc. • 03/19/2024 11:05:18 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/06/2024 12:07:28 PM
- Safran Selects Gilat for Strategic, Multimillion-Dollar In-Flight Connectivity Program • GlobeNewswire Inc. • 03/05/2024 12:03:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 12:00:08 PM
- Gilat Presents Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 02/26/2024 12:06:34 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 12:02:33 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 02/13/2024 01:47:33 PM
- Gilat Awarded $10 Million Follow-On Order from the US Department of Defense • GlobeNewswire Inc. • 02/08/2024 12:01:24 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/08/2024 12:00:08 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM