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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."