Gilat Secures Multimillion Strategic Partnership with Nelco for SkyEdge IV Deployment in India
GILT has more than doubled off its 52-week low of $5.43.
Summary
Gilat Satellite Networks secured a multimillion-dollar strategic partnership with Nelco to deploy its SkyEdge IV platform in India, expanding its advanced connectivity services.
Key Events · M&A and Partnerships · GILT
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Strategic Partnership with Nelco
Gilat has entered into a multimillion-dollar strategic partnership with Nelco, a leading Satcom service provider in India.
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SkyEdge IV Deployment in India
Nelco will deploy Gilat's SkyEdge IV hub platform to establish a Ka-band service network using the GSAT-N2 Ka-band HTS satellite.
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Expansion of Connectivity Services
The deployment will enable scalable, high-performance connectivity for Aero IFC, cellular backhaul, and enterprise segments across India.
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Multimillion Order Received
Gilat received a multimillion-dollar order from Nelco, with deliveries expected over the next 12 months.
Analysis · GILT · Manufacturing
Gilat Satellite Networks has announced a significant multimillion-dollar strategic partnership with Nelco, a leading Satcom service provider in India. This agreement involves the deployment of Gilat's advanced SkyEdge IV hub platform to establish a Ka-band service network using the GSAT-N2 satellite. This partnership is crucial for expanding Gilat's footprint in the Indian market across key segments like aviation, cellular backhaul, and enterprise connectivity, demonstrating strong demand for its next-generation satellite technology.
At the time of this filing, GILT was trading at $19.33 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $5.43 to $20.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.