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Gilat Satellite Networks Joins Telecom Infra Project (TIP)

PETAH TIKVA, Israel -- Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, today announced it has joined the Telecom Infra Project, (TIP), founded by Facebook, Deutsche Telekom, EE, Globe Telecom, Intel, Nokia, SK Telecom and others. TIP aims to redefine the current approach to network technology and bring connectivity to the unserved and underserved billions of people around the world.

TIP is an engineering-focused initiative driven by operators, infrastructure providers, system integrators, and other technology companies that aims to reimagine the traditional approach to building and deploying telecom network infrastructure. TIP will explore new approaches and technologies across three initial focus areas: access, backhaul, and core and management. The project groups within these areas will leverage the unique engineering and operational expertise of each member, focusing on developing new technologies and exploring new approaches to deployment in both developed and emerging markets.

Gilat brings worldwide expertise in innovative and cost-efficient satellite based solutions for broadband Internet. Gilat will leverage its knowhow and solutions to contribute to the project groups within TIP to improve people's lives through better connectivity.

“We are excited to join TIP and contribute to Facebook’s vision of connecting the unconnected and underserved populations.” said Aviv Ronai, Head of Marketing and Business Development at Gilat. “We believe this initiative and Gilat’s leadership in technology innovation and large-scale projects will help to expand broadband services quickly and affordably.”

Gilat Satellite Networks Ltd. (Nasdaq: GILT)

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