December 31st, -0001
Gilat Satellite Networks... Peruvian Provisioning (SATCOM)
Gilat Satellite Networks Ltd. (Nasdaq:GILT) announced that its wholly owned subsidiary, Gilat to Home Peru S.A., has been awarded a new contract by Peru's Agency for Promotion of Private Investment (ProInversion) to provide Internet access and telephony services throughout the country's rural regions. Valued at $14.5 million, the project is funded by Fondo de Inversion en Telecomunicaciones (FITEL), and is the sixth contract the ministerial agency has awarded Gilat in the past 12 years. Gilat's solution is expected to connect more than 770 communities across rural Peru, allowing more than 215,000 people access to essential communication services. Gilat to Home Peru is the leading provider of satellite communications in Peru and this contract encompasses the provision of telecommunication services for remote rural communities located throughout Peru's Apurimac and Ene River Valleys and Camisea. The network is scheduled to be installed within a year and to provide services over the following four years.