Gilat Awarded $28 Million Contract to Expand Connectivity in Peru
Ica is the fifth region in Peru to receive a broadband network upgrade since 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Gilat Satellite Networks (GILT) announced that its Peruvian subsidiary signed a $28 million agreement with Pronatel to upgrade broadband connectivity in Ica.
Pronatel is Peru’s national telecommunications program. Construction is expected to be completed by mid-year 2027, followed by a seven-year operational phase. The planned upgrade will deliver internet speeds 20 times faster than those currently available to 116 public institutions and provide free Wi-Fi in 30 public squares. Gilat expects the network to support digital services including education, healthcare and public safety.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointGilat Perú signed a $28 million agreement with Pronatel to upgrade broadband connectivity in Ica. 3.6% of market cap
- Minor point. Forward-looking: it has not happened yet and may not happen.Construction is expected to finish by mid-year 2027, followed by a seven-year operational phase.
Negative
- None.
Key Figures
- Contract value
- $28 million
- Agreement with Pronatel for the Ica region broadband upgrade
- Speed improvement
- 20 times faster
- Compared with speeds currently available across the upgraded network
- Public institutions
- 116 institutions
- Across the Ica region
- Public Wi-Fi locations
- 30 public squares
- Free Wi-Fi access under the project
- Construction completion
- Mid-year 2027
- Expected project construction completion
- Operational phase
- Seven years
- Follows construction of the project
Key Terms
very high throughput satellites technical
satellite on-the-move technical
electronically steered antennas technical
solid state power amplifiers technical
block upconverters technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Project will deliver high-speed connectivity to public institutions and communities
PETAH TIKVA, Israel, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Peruvian subsidiary, Gilat Perú, has signed a
The Ica project marks the fifth region in Peru to receive a broadband network upgrade since 2025. The upgraded network will deliver internet speeds 20 times faster than those currently available to 116 public institutions across the Ica region and provide free Wi-Fi access in 30 public squares. The upgrade will strengthen the network’s capacity to meet the connectivity needs of institutions across different locations and operating environments and support their ability to access and deliver essential digital services, including education, healthcare, and public safety. The improved network infrastructure will also provide a stronger foundation for institutions to meet the region’s evolving connectivity needs.
“This project to increase connectivity speeds in Ica will strengthen connectivity for public institutions and expand free internet access for citizens. Through PRONATEL, the Ministry of Transport and Communications continues to advance initiatives aimed at translating greater connectivity capacity into better services and opportunities for people, helping to bridge the digital divide,” said Rafael Arias Velarde, Executive Director of PRONATEL.
“Strong connectivity is essential to enabling public institutions and communities to access digital services and opportunities,” said Arieh Rohrstock, President, Gilat Perú. “Gilat Perú has built this expertise through years of deploying, upgrading and operating large-scale networks across the country. We are proud to bring that experience to Ica, strengthening the infrastructure that connects public institutions and expanding internet access for communities across the region.”
The project builds on Gilat Perú’s extensive experience deploying, upgrading and operating large-scale telecommunications networks across the country, including in rural and geographically diverse areas. Its capabilities across the lifecycle of regional networks, from deployment and modernization to ongoing operation, enable Gilat Perú to address different geographic and operational requirements and manage large-scale connectivity infrastructure across diverse environments.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and Electronically Steered Antennas (ESAs), highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.
Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://www.gilat.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as “estimate,” “project,” “intend,” “expect,” “believe,” “anticipate,” “plan,” “may,” “will,” “seek,” “could,” “should,” or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat’s products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat’s international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat’s filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer
PublicRelations@gilat.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much is Gilat’s Ica broadband contract with Pronatel worth?
Gilat Perú signed a $28 million agreement with Pronatel, Peru’s national telecommunications program, to upgrade broadband connectivity across the Ica region.
When is construction of Gilat’s Ica broadband project expected to finish?
Construction is expected to be completed by mid-year 2027. A seven-year operational phase will follow.