Gilat Satellite Networks Secures Renewal And Extension Contract Of Approximately $20M From A Tier-1 MNO In US
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks has secured a renewal and extension contract worth approximately $20M from a Tier-1 Mobile Network Operator (MNO) in the US. The multi-year agreement sees Gilat continuing as the end-to-end managed services provider of satellite-based cellular backhaul and emergency response for this long-term leading customer.
November 01, 2023 | 11:13 am
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The renewal and extension of the contract with a Tier-1 MNO in the US is a positive development for Gilat Satellite Networks. This could potentially boost the company's revenues and strengthen its market position.
The renewal and extension of the contract with a Tier-1 MNO in the US is a significant development for Gilat Satellite Networks. This not only ensures a steady stream of revenue for the company but also strengthens its position in the market. Given the size of the contract, it is likely to have a positive impact on the company's stock price in the short term.
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