Spacenet Awarded Multi-Year Contract with One of the World’s Leading Delivery Service Organizations
Spacenet Inc.®, a wholly owned subsidiary of Gilat Satellite Networks
Ltd. (Nasdaq: GILT), and a leading provider of managed network and data
security services announced today that it has been awarded a 5-year base
contract by one of the world’s leading delivery service organizations to
upgrade and provide network connectivity to more than 5,700 locations.
The contract, valued at over $20 million, includes an option to extend
the 5-year base period of performance for three further periods of
3-years for a total potential contract period of 14 years.
The contract is part of a major initiative to reduce overall operating
costs at the delivery service organization, while improving the user
experience at each location. The contract includes serving more than
1,900 sites with broadband connectivity and more than 3,800 sites with
satellite-based VSAT technology. “For more than a decade, Spacenet has
provided a variety of managed network services to this organization”,
said Spacenet President and CEO, Glenn Katz. “Our knowledge and
experience with satellite-based services long enabled our client to
provide high-speed connectivity at locations out of reach of terrestrial
networks. Now, like many organizations having geographically disparate
locations, this organization is embracing the expansion of
cost-effective broadband options all across the country and has selected
Spacenet as one of its vendors to achieve its goals. Our broad portfolio
of network offerings, industry relationships and technology-neutral
approach enables Spacenet to offer optimal solutions on a site-by-site
basis.”
Spacenet began its work on the contract upon signature, and expects its
client to realize benefits in cost savings and improved throughput,
together with an overall long-term lower total cost of network
ownership. For more information on how your organization can achieve
similar benefits using Spacenet’s Managed Network Services, please visit
Spacenet at www.spacenet.com,
email info@spacenet.com or call
1-866-480-2263.
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About Spacenet®
Since 1981, Spacenet Inc. has designed, implemented and managed some of
the largest communications networks for US-based business, industrial
and government customers. Spacenet has a longstanding tradition of
industry leadership and innovation, and today manages communications at
more than 160,000 locations for customers including many Fortune 500
companies and major government agencies.
Headquartered in McLean, Virginia, Spacenet is a wholly owned subsidiary
of Gilat Satellite Networks Ltd. (Nasdaq: GILT). Visit Spacenet at http://www.spacenet.com
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd (NASDAQ, TASE: GILT) is a leading provider
of products and services for satellite-based broadband communications.
Gilat develops and markets a wide range of high-performance satellite
ground segment equipment and VSATs, with an increasing focus on the
consumer and Ka-band market. In addition, Gilat enables mobile SOTM
(Satellite-on-the-Move) solutions providing low-profile antennas, next
generation solid-state power amplifiers and modems. Gilat also provides
managed network and satellite-based services for rural telephony and
Internet access via its subsidiaries in the United States, Peru and
Colombia.
With over 25 years of experience, and over a million products shipped to
more than 85 countries, Gilat has provided enterprises, service
providers and operators with efficient and reliable satellite-based
connectivity solutions, including cellular backhaul, banking, retail,
e-government and rural communication networks. Gilat also enables
leading defense, public security and news organizations to implement
advanced, on-the-move tactical communications on board their land, air
and sea fleets using Gilat's high-performance SOTM solutions. For more
information, please visit us at www.gilat.com
