Gilat Satellite Networks Awarded Approximately $4 Million Contract to Provide Connectivity for Rural Areas in Latin America

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced that it has secured approximately $4 Million contract to provide rural connectivity including banking transactions in Latin America for a period of 3 years.

Gilat provides critical connectivity for people living in remote areas who rely on the bank for payment services, as well as support services for senior citizens, families, and other underserved populations.

Gilat provides satellite communications solutions to distant branches, as well as satellite backup links, to ensure connectivity and business continuity. This is critical for the bank’s operation for core banking, e-mail, security, ATMs and Point of Sale.

“We are very pleased to support essential banking services in the rural areas of Latin America” stated Ron Levin, Gilat’s Chief Commercial Officer. “Over the years, we have built a robust satellite network, continuously enhancing it with the latest technological advancements. This ensures that we consistently meet the high-quality standards required for business continuity, even in remote areas and in the face of potential disasters.”