China Unicom, One of the World's Largest Telecom Operators, Selects Gilat Broadband Satellite Equipment; Gilat's SkyEdge VSATs W
February 07 2006 - 8:13AM
Business Wire
Gilat Satellite Networks Ltd. (Nasdaq:GILTF) today announced it has
been selected by China Unicom Limited (NYSE:CHU) to provide a
1,500-site, high-speed satellite communication network. China
Unicom, with 2004 revenues of more than US$9.5 billion, is one of
the world's largest telecommunications operators. Gilat's
SkyEdge(TM) VSAT equipment will be used for rural telecom
applications throughout China. Gilat has already deployed nearly
600 sites in the three months since this contract was signed. A
flexible family of VSAT products, Gilat's SkyEdge supports a
variety of applications - all on the same SkyEdge hub. SkyEdge
incorporates Gilat's broad knowledge base and field-proven product
offering acquired through nearly two decades of experience with
data, telephony and broadband IP applications. Part of SkyEdge's
appeal to telecom operators is that it can be deployed quickly in
harsh terrain and perform well in severe weather conditions -
important attributes for many remote Chinese villages, where the
mountainous terrain and cold weather make it difficult to implement
a communications infrastructure. Giora Reish, Gilat's Regional Vice
President, Asia, said, "Gilat has been a leading provider of
broadband VSAT networks to major Chinese telecom companies for more
than 10 years. Our strong relationships with these telcos - fueled
by our commitment to service, support and fast implementation -
have helped us become a trusted provider of VSAT technology for
rural telecom solutions in the region." About China Unicom China
Unicom is the world's third largest mobile telecommunications
operator. The Company is engaged in the cellular business (both GSM
and CDMA) in 30 provinces, municipalities and autonomous regions in
China. The Company also provides international and domestic long
distance calls, data communications and Internet connectivity. As
of December 31, 2004, the Company had more than 112 million GSM and
CDMA cellular subscribers. Visit China Unicom at
www.chinaunicom.com.hk. About Gilat Satellite Networks Ltd. Gilat
Satellite Networks Ltd. (Nasdaq:GILTF) is a leading provider of
products and services for satellite-based communications networks.
The Company operates under two business units: (i) Gilat Network
Systems ("GNS"), which is a provider of network systems and
associated professional services to service providers and operators
and (ii) Spacenet, which provides in North America, managed
services for businesses and governments through its Connexstar
service brand, for consumers through its StarBand service brand and
offers rural telephony and internet access solutions to remote
areas mainly in Latin America via Spacenet Rural Communications.
Gilat was founded in 1987 and has shipped over 550,000 Very Small
Aperture Terminals (VSATs) to more than 85 countries across six
continents. Gilat's headquarters is located in Petah Tikva, Israel.
The Company has 14 local offices and 3 service facilities
worldwide. Gilat markets the SkyEdge (TM) Product Family which
includes the SkyEdge(TM) Pro, SkyEdge(TM) IP, SkyEdge(TM) Call,
SkyEdge(TM) DVB-RCS and SkyEdge(TM) Gateway. In addition, the
Company markets numerous other legacy products. Visit Gilat at
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. 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.
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