Gilat Satellite has won a contract to provide cellular transmission services

Gilat Satellites, managed by Adi Tzafdia, has won a contract to provide cellular transmission services for a leading American cellular company (Tier-1). The scope of the project has not been announced, but it is estimated that Gilat will receive $ 4-3 million over a period of 18 months.
The American company provides coverage throughout the United States with an LTE network, which will be expanded through Gilat's satellite-based cellular transmission solution. Thus, the American company will be able to provide its customers with access to remote locations and high-quality service. Against the background of the corona plague.
Gilat develops, manufactures and markets satellite broadband-based communications equipment. It is intended for organizations such as government ministries in remote locations, where there is no economic viability for deploying fiber-optic-based communications infrastructure; For services such as high-speed internet on flights, vessels and trains; And connectivity to security, emergency and rescue forces. Gilat shares have fallen 31% since the beginning of 2020, and are trading at $ 302 million.