PETAH TIKVA, Israel, July 9,
2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ:
GILT) (TASE: GILT), a worldwide leader in satellite networking
technology, solutions and services, announced today that Globe
Telecom, Inc. (PSE: GLO) the leading telecom company in
the Philippines, has chosen Gilat
for a three-year multi-million US dollar contract, to enable WIFI
service over satellite to schools and hospitals, in addition to
cellular backhaul throughout the
Philippines.
The WIFI Broadband multi-million US dollar award comes two years
after Globe chose Gilat to deliver cellular backhaul over satellite
in a five-year multi-million US dollar managed service project for
2G/3G/4G connectivity and for emergency response.
https://www.gilat.com/pressreleases/globe-awards-gilat-five-year-multi-million-dollar-contract-for-managed-service-satellite-backhaul-for-cellular-services/
"Globe chose Gilat's multi-service platform and managed service
for expanding its offering into additional critical segments such
as schools and hospitals via the GoWIFI service," said Alberto de Larrazabal, Chief Revenue Officer at
Globe. "This important expansion comes on the heels of the managed
service cellular backhaul project by Gilat and is due to our
confidence in Gilat in providing excellent user experience and fast
implementation."
"We are gratified by Globe's renewed trust and confidence in
Gilat and are committed to partnering with Globe to deliver WIFI
connectivity services to essential community institutions such as
schools and hospitals," said Abhay
Kumar, Regional Vice President Asia-Pacific and North America for Gilat. "Gilat's
multi-application single platform and our managed service
capabilities support our vision to deliver plentiful, quality and
affordable broadband worldwide."
About Globe
Globe Telecom is the leading full service telecommunications
company in the Philippines,
serving the needs of consumers and businesses across an entire
suite of products and services including mobile, fixed, broadband,
data connections, internet and managed services. Its
principals are Ayala Corporation and Singtel who are acknowledged
industry leaders in the country and in the region. For more
information, visit www.globe.com.ph. Follow us on Twitter:
http://twitter.com/talk2Globe and Facebook:
http://facebook.com/GlobePH.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a
leading global provider of satellite-based broadband
communications. With 30 years of experience, we design and
manufacture cutting-edge ground segment equipment, and provide
comprehensive solutions and end-to-end services, powered by our
innovative technology. Delivering high value competitive solutions,
our portfolio comprises of a cloud based VSAT network platform,
high-speed modems, high performance on-the-move antennas and high
efficiency, high power Solid State Amplifiers (SSPA) and Block
Upconverters (BUC).
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. Gilat controlling shareholders are the FIMI Private
Equity Funds. 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, 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. We undertake no obligation to update
or revise any forward-looking statements for any reason. 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.
Contact:
Gilat Satellite Networks
Doreet Oren,
Director Corporate Communications
DoreetO@gilat.com
Comm-Partners LLC
June
Filingeri,
President
+1-203-972-0186
JuneFil@optonline.net
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SOURCE Gilat Satellite Networks