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Gilat Receives an Additional $25 Million Agreement to Advance Digital Inclusion in Peru

1. Gilat's Peru subsidiary signed a $25 million agreement for broadband modernization. 2. The project will deliver 200 Mbps internet to 208 institutions over five years. 3. This initiative enhances digital inclusion and strengthens public services in remote areas. 4. Gilat's proven experience in delivering connectivity positions it for success. 5. The agreement underscores Gilat's ongoing partnership with the Peruvian government.

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Why Bullish?

The $25 million agreement signals growth potential and strengthens Gilat's market position. Historically, similar contracts have positively impacted company valuations.

How important is it?

The article showcases Gilat's growth strategy in a key market, indicating potential for stock price appreciation.

Why Long Term?

The broadband project spans five years, suggesting sustained revenue growth and service delivery. Long-term contracts typically enhance company stability and investor confidence.

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TASE:GILTNASDAQ:GILT
PETAH TIKVA, Israel, Aug. 26, 2025 (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 an additional $25 million agreement with Pronatel (Programa Nacional de Telecomunicaciones), Peru’s national telecommunications program. This award is for the modernization of the Regional Broadband network in the Cusco region. The migration is planned over the next 12 months, with services to be delivered for a period of five years. The upgraded network will provide high-speed internet of 200 Mbps to nearly 208 public institutions, including schools, health centers, and police stations, and 69 public free WiFi Hotspots. This digital inclusion initiative will improve access to education, healthcare, and public safety services, while laying the groundwork for future bandwidth growth in rural areas that need it most. This new project builds on Gilat’s ongoing partnership with the Peruvian State and underscores the company’s commitment to bringing advanced connectivity to even the most remote and hard-to-reach regions. “Our decades of experience delivering large-scale connectivity initiatives across Peru positions us to complete this migration quickly and effectively,” said Arieh Rohrstock, Corporate Senior Vice President and President, Gilat Peru. “In partnership with Pronatel, we are expanding digital inclusion by bringing the high-speed infrastructure required to strengthen critical public services in Peru’s most remote communities.” 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 cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and 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, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Contact:Gilat Satellite NetworksHagay Katz, Chief Product and Marketing Officerhagayk@gilat.com Alliance Advisors:GilatIR@allianceadvisors.comPhone: +1 212 838 3777

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