Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) has won a contract in Peru to deploy a Gilat SkyEdge II broadband satellite communications network. Telefonica del Peru SA will use the network at more than 3,500 rural sites nationwide. Gilat did not disclose the value of the deal.
As part of Telefonica del Peru's Universal Service Obligation, the SkyEdge II VSAT network will deliver broadband Internet and VoIP telephony services to remote areas of Peru, providing from e-mail, fast web searches, streaming video content, e-commerce, and research.
Telefonica del Peru is a unit of Telefonica SA's (NYSE; IBEX:TEF; LSE:TDE) subsidiary Telefonica Latinoamerica SA. Telefonica companies have deployed Gilat VSAT networks across Latin America since 1997.
Gilat regional VP Russell Ribeiro said, "We are pleased to once again partner with one of Latin America's leading telcos to help improve the lives of rural consumers and help drive the development of businesses throughout the country."
Gilat's share closed at $4.47 on Nasdaq yesterday, giving a market cap of $179 million. The share fell 2.9% by midday today on the TASE to NIS 16.47.
Published by Globes [online], Israel business news - www.globes-online.com - on November 26, 2009
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