Gilat Satellite Networks Ltd. has been chosen by JSC KazakTelecom (KazakTelecom) to supply satellite telephony equipment for Kazakstan's Nationwide Satellite Network Project. Under the Memorandum of Understanding (MOU) signed today, Gilat will deliver several hundred FaraWay(TM) VSATs to serve as the foundation for Kazakstan's satellite telephony infrastructure. The deal is worth an estimated US$6.2 million to Gilat, with most of the delivery expected within a year.
"This is another significant telephony deal for Gilat, and our
first penetration into the Commonwealth of Independent States,"
remarked Gilat Vice President of Sales and Marketing Ehud Orgil. "We
look forward to KazakTelecom becoming an important strategic partner
in the region, and foresee working together to help expand Kazakstan's
telephone network in the future."
Serik Burkitbaev, President of KazakTelecom, stated, "We chose
Gilat from among a considerable number of potential vendors because of
the product's impressive feature set, the Company's reputation for
quality and their willingness to work together with us to match Gilat
solutions to KazakTelecom needs. We hope to further strengthen our
ties through the establishment of a local Gilat office and joint
cooperation efforts."
JSC KazakTelecom is a leading provider of public telephony
services in Kazakstan and coordinator of the Nationwide Satellite
Network Project, which will interconnect more than 250 cities and
villages throughout that country with telephone, fax and data
services.
The MOU is subject to the terms of a formal agreement to be
negotiated. There can be no assurance that such an agreement will be
reached.
About Gilat
Gilat Satellite Networks Ltd. designs, develops, manufactures,
markets and supports Very Small Aperture Terminal (VSAT) satellite
earth stations and related hub equipment and software. Gilat's
satellite telephony products include FaraWay(TM) VSAT, which offers
multi-channel, toll-quality telephone, fax and data services, and
DialAway(TM) VSAT, which offers 1 to 3 channels, telephone and fax
service to rural communities. The Company also has a range of products
for satellite-based data communications and Internet-access.
