Gilat Achieves Critical Milestone in Peru with Approval to Enter Operational Phase, Unlocking Access to Recurring Revenue of Multi Million Dollars per Annum
Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
US:NASDAQ Investor Relations:
gilat.com/investor-relations
Company Research
Source: GlobeNewswire
PETAH TIKVA, Israel, April 29, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has reached a critical milestone in Peru with approval to enter the operational phase of the telecom project awarded in 2015 for an aggregate value of $108M. This phase enables the start of delivery of broadband internet services to over a million and a half people in Cusco. Entering the operational phase will enable Gilat to unlock access to recurring revenue of multi million dollars per annum of operations fees, for a period of ten years, as well as to continue selling services over the network. Furthermore, during the project’s operation, over 600 representatives of schools, health, post and police stations will receive training, and 71 hot spots will be established in public spaces to provide internet to the population. “I am most pleased to receive approval from the g
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GILT
News
- Gilat to Report First Quarter 2024 Results on May 8th [Yahoo! Finance]Yahoo! Finance
- Gilat to Report First Quarter 2024 Results on May 8thGlobeNewswire
- Gilat Satellite Networks Ltd. (NASDAQ: GILT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service Provider [Yahoo! Finance]Yahoo! Finance
- Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service ProviderGlobeNewswire
GILT
Sec Filings
- 4/17/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/9/24 - Form 6-K
- GILT's page on the SEC website