Shares of Gilat Satellite Networks (NASDAQ:GILT) rose 5% following the announcement of a new $25 million contract with Peru’s national telecommunications program to enhance digital connectivity across the country.
The agreement, executed through Gilat’s Peruvian subsidiary, focuses on modernizing the Regional Broadband network in the Cusco region. The network will be migrated over the next 12 months, with service delivery scheduled for a five-year period.
Through this deal with Pronatel (Programa Nacional de Telecomunicaciones), the upgraded infrastructure will offer high-speed internet at 200 Mbps to nearly 208 public institutions, including schools, health centers, and police stations, along with 69 public WiFi hotspots.
“Our decades of experience delivering large-scale connectivity initiatives across Peru positions us to complete this migration quickly and effectively,” said Arieh Rohrstock, Corporate Senior Vice President and President, Gilat Peru.
The project expands Gilat’s ongoing collaboration with the Peruvian government, aiming to improve access to education, healthcare, and public safety services in remote areas, while also laying the foundation for future network capacity growth.
Gilat Satellite Networks stock price
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