Gilat [NASDAQ: GILT] Announces Multi-Million Dollar Deal

Gilat Satellite Networks Ltd. [NASDAQ: GILT] confirmed that it has secured a multi-million-dollar deal. The company has been selected by one of the largest satellite service providers in Eurasia, as the baseband vendor for its satellite network. The deal includes the provisioning of Gilat’s SkyEdge II-c platform, which will be leveraged to streamline and grow satellite communications throughout the region for a variety of applications including maritime, land mobility, and consumer coverage.

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This agreement, according to Gilat, marks the beginning of a new and vital chapter in its relationship with the large satellite service provider. Working together, they will integrate and enhance the satellite network so that it can be combined with Gilat’s cutting-edge single-platform for numerous applications, giving clients across Eurasia a better user experience.

Furthermore, as per the new deal old equipment will be upgraded. Moreover, legacy networks will be merged and integrated with new networks using Gilat’s SkyEdge II-c technology as the baseband to support their satellite communication demands during this expansion and modernization. Thousands of fixed and mobility VSATs will be delivered to hubs by Gilat. This will allow for greater coverage across the entire region.

Moreover, Gilat Satellite Networks Ltd. has gained recognition as a world leader in satellite-based broadband communications. It has 30 years of experience in designing and manufacturing cutting-edge ground segment equipment, as well as providing comprehensive solutions and end-to-end services driven by its sophisticated technology.