{"id":81545,"date":"2013-02-12T20:48:17","date_gmt":"2013-02-12T12:48:17","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/gilat-looks-to-ka-band-peru-in-building-on-regional-success\/"},"modified":"2013-02-12T20:48:17","modified_gmt":"2013-02-12T12:48:17","slug":"gilat-looks-to-ka-band-peru-in-building-on-regional-success","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/gilat-looks-to-ka-band-peru-in-building-on-regional-success\/","title":{"rendered":"Gilat Looks to Ka-band, Peru in Building on Regional Success"},"content":{"rendered":"

Gilat Satellite Network<\/strong> is hoping to grow its financial strength considerably in 2013, as the company continues to invest back into its business segments and its Ka-band and satellite-on-the-move initiatives, some of which are dependent on the company\u2019s success in Latin America. Though Gilat\u2019s revenue have beaten analysts\u2019 projections throughout 2012, stock-based compensation, acquisition-related costs and other expenses have impacted profits. Despite this, Gilat\u2019s stock has been trading up 21 percent higher than it was a year ago, driven by the potential in its future offerings.
\n   Gilat Satellite Network CEO Erez Antebi said the company received its first Ka-band order from a larger European ISP after the late September launch of SES\u2019 Astra 2F satellite, which will enable SES Broadband Services (SBBS) to deliver commercial Ka-band satellite broadband in Europe. The service is expected to commence in early December. As part of the SBBS consumer rollout, we received our first order from a larger European ISP. The initial order is for several thousand self-installed customer premise equipment based on Gilat\u2019s SkyEdge 2 Aries VSAT. The service aims to allow European households to access satellite Internet, video and Voice-over-IP services.  
\n   \u201cIn addition to the initial ISP order, we have received another ISP order with additional orders expected,\u201d said Antebi. \u201cWhile we continue to execute on current contracts like NBN and SES, we also have been active in securing new commercial projects in various parts of the world. For example, in Asia we closed a large cellular backhaul project at a Tier 1 mobile operator; we closed various deals in Latin America, including one to provide satellite communication and support of a national presidential election, and another with a large service provider.\u201d
\n   Gilat also won a significant portion of an ATM banking project in India. The company recruited Stephane Palomba, an industry veteran as its regional vice president in Asia to help enhance its operations. Gilat also hired Michael Barthlow during the quarter as its general manager for its business in North America, which includes all of Gilat\u2019s Wavestream product line. \u201cWe believe that these moves strengthen our operation in those key regions,\u201d said Antebi. \u201cWe have been continuing efforts to consolidate the sales and marketing teams within our defense division. While the macro defense industry remains challenging, our pipeline continues to grow and we continue to sell ground equipment to various government contractors and system integrators in United States and the international markets. We continue to close deals on the Satellite-on-the-Move market. For example, we closed during the quarter business with an additional airborne system integrator in the United States as well as deals to provide On-the-Move equipment for our railway system in Africa, and security forces in Eurasia.\u201d
\n   Antebi also provided an update on Gilat\u2019s services division, lauding subsidiary Spacenet\u2019s continued success in closing new contracts and expanding existing services. \u201cDuring the quarter, based on expanded, the managed network and VSAT service agreement were Valero Energy to include new contract and refresh technology in over 500 locations,\u201d said Antebi. \u201cWe renewed the contract with Sunoco that includes new managed services for over 4000 company-owned and dealer location. In addition, Spacenet expanded their partnership with Centerpoint Energy, one of America\u2019s leading energy delivery company. Centerpoint is expected to bring Spacenet new customers in the oil and gas pipeline and drilling industry.\u201d
\n   Another region that has provided reliable growth for Gilat is South America. The company\u2019s subsidiary in Colombia just signed a six-month extension of its contract with the Compartel education project, which is worth approximately $10 million through March 2013. While Antebi said he was pleased with the extension of this project, he noted that Gilat has not placed a proposal for the rebid of the continuation of the project. \u201cThis is due to economic conditions and the terms of the rebid, which we considered unfavorable, we are currently evaluating several alternative to continue to providing services to some of these sites,\u201d he said.
\n   Gilat Peru also successfully completed the installation phase of FITEL 10 and has progressed to ongoing operation of the project, which is scheduled to continue into 2015.
\n   \u201cWe have closed several local government and rural banking deals during the quarter,\u201d said Antebi. \u201cAs mentioned previously, we follow the solid second quarter in 2012 with a stronger third quarter. We expect the fourth quarter will be stronger than the third.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Gilat Satellite Network is hoping to grow its financial strength considerably in 2013, as the company continues to invest back into its business segments and its Ka-band and satellite-on-the-move initiatives, some of which are dependent on the company\u2019s success in Latin America. Though Gilat\u2019s revenue have beaten analysts\u2019 projections throughout 2012, stock-based compensation, acquisition-related costs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-81545","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81545"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=81545"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81545\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=81545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=81545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=81545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}