Gilat Satellite Networks to Provide High-Speed Internet in Peru's Cusco Region for $25 Million

Gilat Satellite Networks has signed a $25 million agreement with Peru's national telecommunications program to modernize the Regional Broadband network in the Cusco region. The upgraded network will provide high-speed internet of 200 Mbps to public institutions and free WiFi hotspots, improving access to education, healthcare, and public safety services in rural areas. This project builds on Gilat's ongoing partnership with the Peruvian State and its commitment to digital inclusion.

Gilat Satellite Networks (NASDAQ: GILT) has secured a $25 million agreement with Pronatel, Peru's national telecommunications program, to modernize the Regional Broadband network in the Cusco region. This strategic partnership aims to enhance digital inclusion and improve access to essential services in remote communities.

The upgraded network will deliver 200 Mbps high-speed internet to 208 public institutions, including schools, health centers, and police stations, along with 69 public free WiFi hotspots. The project will be completed over the next 12 months, followed by a five-year service period. This initiative is part of Gilat's ongoing commitment to digital inclusion and rural connectivity.

The contract structure is favorable, including a 12-month implementation phase followed by a 5-year service delivery period, providing Gilat with a predictable revenue stream. The technical specifications of the upgraded network are noteworthy, offering significant bandwidth for rural connectivity and enabling essential services across education, healthcare, and public safety sectors.

Gilat's long-standing relationship with the Peruvian government and its operational expertise in Peru contribute to the efficient execution of this project. The company's experience in delivering large-scale connectivity initiatives positions it to complete the migration quickly and effectively.

This agreement reinforces Gilat's position as a trusted provider in digital inclusion projects, a growing segment as governments worldwide prioritize rural connectivity. The contract's five-year service component adds to Gilat's backlog and provides revenue visibility through 2030, a meaningful contribution for a company of Gilat's size.

References:
[1] https://www.stocktitan.net/news/GILT/gilat-receives-an-additional-25-million-agreement-to-advance-digital-2x8limrmqi6d.html