Gilat subsidiary signs $28 million Pronatel agreement
- Gilat Satellite Networks (NASDAQ:GILT) announced that its Peruvian subsidiary signed a $28 million agreement with Pronatel to upgrade broadband connectivity in the Ica region.
- The multi-year contract secures a major regional infrastructure project encompassing both network construction and a seven-year operational phase.
- The company stated that the upgrade is expected to deliver internet speeds 20 times faster than current levels while supporting essential digital services like education, healthcare, and public safety.
Gilat (NASDAQ:GILT) expanded its Latin American telecommunications footprint through a new agreement between its local Peruvian subsidiary and Peru's national telecommunications program, Pronatel.
The project schedule outlines construction completion by mid-year 2027, which will then transition directly into a seven-year operational phase managed by the company.
The enhanced network infrastructure aims to bridge regional digital divides by facilitating reliable connectivity for public institutions and local communities.
Management emphasized that the upgraded network is designed to empower local populations by enabling advanced digital services across education, healthcare, and public safety sectors.
The contract reinforces the company's long-term strategy of securing government-backed telecommunications modernization initiatives across international markets.
