Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide provider of satellite networking technology, solutions and services, has announced that it has reached a critical milestone in Peru with approval to enter the operational phase of the three-region telecom project awarded in 2015 for an aggregate value of USD 285M, the company said.
This phase enables the start of delivery of broadband Internet services to over half a million people in the three regions. Entering the operational phase will enable Gilat to unlock access to revenue of ~USD 12M per annum of operations fees, for a period of ten years, as well as to start selling services over the network.
Gilat is a global provider of satellite-based broadband communications. With 30 years of experience, it designs and manufactures cutting-edge ground segment equipment, and provides comprehensive solutions and end-to-end services, powered by its own technology. For more information, visit: www.gilat.com