Gilat has signed a $ 12 million contract for the operation and maintenance of a broadband communications network

Posted on Sep 13, 2021 by Ifi Reporter

Gilat, which develops and markets satellite communications products and services, continues to increase its recurring revenue component: The company, managed by Adi Tzafdia, has signed a $ 12 million contract for the operation and maintenance of a broadband communications network it has set up in the Cusco area. Peruvian for the next 3 years.
The contract was signed after the construction and testing phase of the network, which ended in Cusco in the first half of 2021. Gilat, which is controlled by the Phimie Foundation, is responsible for ensuring broadband Internet services on 2,000 km of fiber optics, which include more than 100 communication nodes and data centers.
The current contract increases Gilat's recurring revenues from the communications networks it has established for the Peruvian Ministry of Communications to $ 43 million a year. Gilat has set a goal of generating recurring revenues of $ 50 million per year from the operation and maintenance of communications networks in the six districts in which the company operates in Peru. The company has won contracts for the six remote districts, where there is no economic viability to lay a fiber-based communications network, and to provide them with broadband Internet must be based on satellite communications.
The current contract embodies a significantly higher profitability than Gilat's average, probably a gross profitability of more than 50%. This is because the revenues are generated from the communications infrastructure established in investments that have already been made, and the only cost for them is the maintenance of Gilat's network.


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

"The outline of assistance to the Israeli airlines is noy sufficient"

Sep 23, 2021 by Ifi Reporter

The outline of assistance to the Israeli airlines El Al, Israir and Arkia - proposed by the Ministry of Finance and requiring investments by the controlling shareholders - has met with widespread opposition from the companies. Their managers, Avigal Sorek (El Al), Uri Sirkis (Israir) and Gadi... Continue reading →

The renewable energy company Enlight will sell electricity it will produce in Arizona

Sep 22, 2021 by Ifi Reporter

The renewable energy company Enlight is accelerating the rate of realization of assets it has acquired in the US. The subsidiary Clenera, in which Enlight holds 90% of the share capital, has signed an agreement to sell the electricity it will produce in the 480-440 megabyte solar project Co Bar... Continue reading →

$ 1 billion in funding to replenish the Iron Dome system's interceptor is delayed by congress

Sep 22, 2021 by Ifi Reporter

$ 1 billion in funding to replenish the Iron Dome system's interceptor stock was removed tonight (Tuesday) from the budget law in question in the U.S. House of Representatives - following an internal dispute in the Democratic Party that controls Congress. The clause allowing the... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.