Gilat Awarded $153.6 Million by Fitel Peru for
Regional Telecommunications Projects
Gilat Satellite Networks Ltd.
announced a new award by Peru's Fitel (Fondo de
Inversion en Telecomunicaciones / Telecommunications
Investment Fund) for two additional regional
telecommunications infrastructure projects totaling
$153.6 million. The Amazonas region was awarded for
$108 million and the Ica region for $45.6 million.
Gilat expects additional revenues to be generated by
selling network capacity to cellular carriers to
address the growing needs for voice, data, and
internet in these regions, as well as the
development of platforms for e-learning, e-health
and e-government.
Fitel awarded the new regions
of Amazonas and Ica to Gilat in addition to the four
telecommunications projects that are nearing
completion, in the regions of Huancavelica,
Ayacucho, Apurimac and Cusco. In the two additional
regions, Gilat will build the infrastructure
required to support the Peruvian population
including connecting schools, police stations and
health centers.
"The fact that Gilat was
awarded two additional regional projects by Fitel
for over $153 million testifies to the confidence
placed in our ability to deploy massive
telecommunications projects under challenging
conditions," said Arieh Rohrstock, General Manager
Gilat Peru and Corporate VP. "Gilat's interest and
long term goal with the six regions won so far, and
potentially additional future regional wins, is to
turn Peru into a source of secured, multi-year,
significant, profitable revenue, generated from both
secure government fees as well as from selling
services such as e-learning, e-health and other OTT
services."
"It is a pleasure to see the
continued effort and materialization of providing
broadband through financing contracts, this time
delivering service to the Amazonas and Ica regions,"
said Virginia Nakagawa, Vice Minister of
Communications, Peru. "Furthermore, I personally
congratulate ProInversion for executing a
transparent and flawless process that has
successfully concluded by closing of these contracts
with Gilat."
