Gilat Signs $25M Cusco Broadband Upgrade Contract with Pronatel

Gilat Satellite Networks Ltd., through its Peruvian subsidiary Gilat Perú, has secured a $25 million contract with Peru's national telecommunications program, Pronatel, to modernize the regional broadband network in the Cusco region. The project, planned over 12 months with a five-year service period, aims to provide 200 Mbps internet to 208 public institutions including schools, health centers, and police stations, alongside 69 free public WiFi hotspots. This initiative is part of Gilat's ongoing commitment to expand digital inclusion and improve critical public services in Peru's remote areas, building on previous contracts in other regions. The announcement has positively impacted Gilat's stock, with shares rising and analysts projecting an average upside of approximately 18%, accompanied by a consensus 'Outperform' rating. Gilat's extensive experience in satellite networking positions it well to deliver this large-scale connectivity upgrade efficiently, supporting future bandwidth growth in underserved rural communities. This contract reinforces Gilat's role in advancing Peru's digital infrastructure through satellite-based broadband solutions.