Gilat, of Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), received a $12 million service award for recurring revenues from broadband services in Cusco, Peru. Operation & Maintenance for a three-year period will be provided for the regional broadband transport network.
This contract of the regional broadband service project follows the completion of the construction phase and successful acceptance test, granted for Cusco, earlier this year. Gilat is responsible for assuring high performance internet service over 2,000 kilometers of fiber optic, including more than a hundred communication nodes and data center.
“The operation & maintenance services for the transport network of the Cusco region is an additional step in materializing Gilat’s strategy to provide this service to the transport networks of all six regions that Gilat operates,” said Arieh Rohrstock, Corporate SVP and General Manager Gilat Peru. “We see this significant achievement as opening the door for potential growth in the additional regions and a significant milestone in bringing us closer to achieving our target of $50 million dollars in annual recurring revenues from Peru.”