(photo credit: Courtesy)
Gilat Satellite Networks Ltd. has won a contract, potentially worth up to $120
million, to supply its SkyEdge II Very Small Aperture Terminal to Optus Networks
Pty Ltd. for the Australian Government’s National Broadband Network
Company’s Interim Satellite Service.
Gilat will install, operate and
maintain the network via a new Australian subsidiary, Gilat Satellite Networks
Australia Pty Ltd.
NBN will provide connectivity to regional and rural
locations via satellite technology in regions where it is difficult to provide
either fiber optic or advanced wireless connectivity. The Interim Satellite
Service is a first stage of the project to provide up to 6 Mbps download and 1
Mbps upload broadband services to eligible Australian households, small business
and indigenous communities.
Gilat will initially provide 11 SkyEdge II
hubs and 20,000 SkyEdge II VSATs within up to three years. The agreement could
be expanded to more hubs and to 48,000 VSATs. Gilat Australia will provide hub
maintenance and operations at three sites for five years.
and CEO Amiram Levinberg said, “The Australian government has set a goal to
provide next-generation network coverage to all of Australia, and satellite is a
natural fit for complementing fiber and wireless technologies to achieve this.
This large scale VSAT network will utilize Optus‚ satellite capacity as well as
IPSTAR’s multispot beam satellite. We are proud to provide our technology as
well as our experience in rolling out and operating large scale satellite
Gilat’s share price rose 4.7% on Nasdaq on Friday to $4.92,
giving a market cap of $200 million, and rose 7.2% in Sunday morning trading on
the TASE to NIS 16.72.