Gilat Satellite Networks Ltd. (Nasdaq:GILT), a provider of products and services for satellite-based broadband communications, had been awarded a project valued at $30 million as part of the Integration Amazonica Loreto initiative. The contract for the project is expected to be signed shortly.
The majority of the award is for the design, setup and implementation of the network, which is expected to be executed within the first year. The remainder is for the operation and maintenance of the network for a period of ten years.
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In this project, Gilat will implement a high-capacity broadband network between Iquitos and the town of Isla Santa Rosa, to enable internet and telephony services for the inhabitants in 70 communities in the Loreto region.
“We are happy that Fitel has chosen Gilat again as the operator for this challenging project, ” said Erez Antebi, CEO of Gilat Satellite Networks. “We look forward to continuing our commitment and record of successful delivery to Fitel to bring communication services to the most remote areas of the country, while contributing to social inclusion, education, development and employment in these areas.”
Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in Peru and Colombia.