This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gilat Receives Award Letter From Entel S.A. For Project Valued At Over $12 Million

PETAH TIKVA, Israel, Oct. 9, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, today announced it has received a letter of award for equipment and services from Entel S.A., the largest telecom operator and satellite network operator in Bolivia.

Under the terms of the project, valued at over $12 million, Gilat will supply Entel S.A. with a SkyEdge II VSAT platform, including HUB and VSATs, Teleport, DTH and solar solutions. The project also includes professional services for the central site installation, project management and training.

The network is to be used for the Bolivian government's national digital inclusion initiative (PRONTIS) and will operate over the first Bolivian communications satellite, Tupac Katari, due to be launched in December 2013.

"We are very pleased to have received this new project award letter from Entel," said Erez Antebi, CEO of Gilat Satellite Networks. "With our established presence in Latin American and extensive experience deploying satellite networks for internet access, we believe that our reliable and flexible solution will ensure the success of this project."

Entel Bolivia is using Gilat technology in other projects, including a recent order to expand an existing SkyEdge II network for 3G cellular backhaul.  

About Entel Bolivia

Entel S.A. is Bolivia's largest telecom operator and the largest satellite network operator. Entel provides mobile, local, long distance public and rural telephony and Internet services. It is headquartered in La Paz, and is wholly owned by the Bolivian government.

About Gilat

Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a leading provider of products and services for satellite-based broadband communications. Gilat develops and markets a wide range of high-performance satellite ground segment equipment and VSATs, with an increasing focus on the consumer and Ka-band market. In addition, Gilat enables mobile SOTM (Satellite-on-the-Move) solutions providing low-profile antennas, next generation solid-state power amplifiers and modems. Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in the United States, Peru and Colombia.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs