Gilat to enhance rural connectivity in Latin America

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Gilat to enhance rural connectivity in Latin America

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Gilat to enhance rural connectivity in Latin America
by Clarence Oxford
Los Angeles CA (SPX) Oct 09, 2024

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has announced a contract worth approximately $4 million to deliver rural connectivity services, including support for banking transactions, in Latin America over a three-year period.

The company will provide essential connectivity to people in remote areas who depend on banking services for payments, along with offering support for senior citizens, families, and other underserved groups.

Gilat's satellite communications solutions will be deployed to connect distant bank branches, with satellite backup links ensuring reliable connectivity and business continuity. These services are crucial for the bank's operations, supporting core banking functions, email, security, ATMs, and Point of Sale systems.

"We are very pleased to support essential banking services in the rural areas of Latin America," said Ron Levin, Gilat's Chief Commercial Officer. "Over the years, we have built a robust satellite network, continuously enhancing it with the latest technological advancements. This ensures that we consistently meet the high-quality standards required for business continuity, even in remote areas and in the face of potential disasters."

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