Telefonica International Wholesale Services (TIWS) Selects Gilat for Broadband and Cellular Backhaul Project in Argentina
16 July 2020 - 12:06AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announces the selection of Gilat by Telefonica International
Wholesale Services (TIWS), a subsidiary of Telefonica Group, for a
satellite communication project in Argentina including rural
broadband services and cellular backhaul. Gilat's expertise and
presence complemented by its local partner, Planex, enabled fast
delivery during these challenging times imposed by the COVID-19
pandemic.
Gilat's SkyEdge II-c multi-service platform was selected due to
its ability to adjust to the technical / business needs of the
project. For the current project in Argentina, Gilat was able to
adapt to TIWS requirements in record time. Obstacles stemming from
the COVID-19 pandemic were overcome and delivery of the SkyEdge
II-c hub and 1700 VSATs was supplied in a couple of weeks.
Gilat provides a significant advantage in Latin America, due to
its local presence and expertise, as well as strong established
local partnerships and past investments, thus accelerating time to
market and reducing risk.
"Gilat is a long-time regional player and supplier of TIWS and
we are pleased with their fast delivery in Argentina, with the
support of their local partner, Planex, particularly during this
pandemic," said Gustavo Arditti, Satellite Business Unit Director,
TIWS. "'TIWS will deploy Gilat's platform to serve our needs for
both rural broadband as well as cellular backhauling over
satellite."
“We are delighted to have been selected by TIWS to quickly
provide the required hub and VSAT equipment answering specific
requirements and overcoming challenges imposed by the current
pandemic," said Tobias Dezordi, Regional Vice President Latin
America at Gilat. "This deal demonstrates Gilat's readiness to
support Telefonica's teams of excellence worldwide to tackle their
global requirements."
About Telefónica International Wholesale Services
(TIWS) Telefónica International Wholesale Services
(TIWS) delivers world-class international services and
platforms to multinational companies, wholesale carriers,
fixed and mobile operators, OTTs, service
providers and aggregators. Offering a global
footprint, with particularly strong presence in Europe and Latin
America, we provide our customers with high quality connectivity,
digital platforms and a wide range of innovative solutions. Our
global service portfolio includes Voice & UCC, Networking,
Mobile, Satellite, Cloud, Security and IoT & Big Data. TIWS is
owned by Telefonica.
About Telefonica Telefónica is one the largest
telecommunications service providers in the world. The company
offers fixed and mobile connectivity as well as a wide range of
digital services for residential and business customers. With 344
million customers, Telefónica operates in Europe and Latin
America. Telefónica is a 100% listed company and its shares
are traded on the Spanish Stock Market and on those in New York and
Lima.
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. In addition,
there is uncertainty about the spread of
the COVID19 virus and the impact it will have on the
Company’s operations, the demand for Company’s products, global
supply chains and economic activity in general. These and other
risks and uncertainties are detailed in the Company’s Securities
and Exchange Commission filings. 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
DoreetO@gilat.com
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