Gilat to Provide PMSI and AzCom With SkyBlaster VSAT Network for Pioneering Broadband, Two-Way Satellite Internet Service in the Philippines.
PETAH TIKVA, Israel--(BUSINESS WIRE)--Aug. 13, 2001
Gilat Satellite Networks Ltd. (Nasdaq: GILTF) today announced it has been selected by Philippine Multimedia Systems Inc. (PMSI) and AZ Communication Network Inc. (AzCom) to provide a high-speed satellite communications network.
Gilat's SkyBlaster(TM) Very Small Aperture Terminal (VSAT) equipment will power PMSI's planned nationwide, two-way satellite Internet service to consumers, small office/home office (SOHO) users and small to medium enterprises (SMEs) throughout the Philippines.
The Internet service to be offered by PMSI and AzCom, known as Dream VSAT, represents a pioneering deployment of broadband, two-way satellite Internet access in the Philippines. PMSI is already established as a provider of a Direct-to-Home (DTH) satellite television service called Dream Broadcast. With Gilat's new SkyBlaster 360(TM) satellite modem, PMSI intends to offer a bundled, single-dish DTH/Internet solution.
Under the agreement, Gilat will serve as the wholesale provider of VSAT equipment for the Dream VSAT service, which PMSI expects to be available nationwide by the fourth quarter of this year.
Gilat's SkyBlaster VSAT network offers a persistent or "always on" connection that saves time when connecting to the Internet and eliminates the need for a telephone line dedicated to Internet use. The satellite network's multicasting capabilities will enable customers to download content-rich media. The network will also support multi-PC connectivity for SOHOs in the Philippines.
"VSAT is proven to be the quickest way to bring high-speed, reliable Internet services to as many people as possible. Our decision to choose Gilat is based on Gilat's reputation for VSAT technology leadership and experience as a technology provider to many of the world's leading broadband Internet services," said AzCom President Teodoro Villanueva.
PMSI President Manuel F. Abellada said, "We are fortunate to have the opportunity to bring such an important, new broadband Internet service to the people of the Philippines, and we expect an enthusiastic response from the consumer, SOHO and SME markets. We expect the Dream VSAT service to offer strong competition to terrestrial broadband services such as cable and DSL. The service will also be especially attractive to consumers and businesses who do not have access to any other broadband connectivity solutions."
Abellada added, "Gilat has proven that they can help us move quickly as demand dictates. In the future, we plan to branch out to meet the connectivity needs of other market segments, including schools and retail outlets such as Internet cafes."
Erez Antebi, Gilat's General Manager for Asia, Africa and Pacific Rim, said, "The Dream VSAT service will be a tremendous benefit for the Philippines, as it will enable anyone to receive broadband Internet service regardless of where they are located. This agreement is proof of the growing demand for high-speed Internet service in the Pacific Rim, and it demonstrates Gilat's continued leadership in Asia's VSAT market."
The Dream VSAT service is the latest example of new consumer/SOHO Internet services powered by Gilat VSAT equipment. Similar services announced recently include the StarOne service in Brazil, the Tiscali service in Europe, the Cable & Wireless Optus service in Australia, and the Bharti Broadband service in India.
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd., with its global subsidiaries Spacenet Inc., Gilat Europe and Gilat Latin America, is a leading provider of telecommunications solutions based on VSAT satellite network technology. The Company provides satellite-based, end-to-end enterprise networking and rural telephony solutions to customers across six continents, and markets interactive broadband data services. Gilat is a joint venture partner, with EchoStar Communications Corp., Microsoft Corp. and ING Furman Selz Investments, in StarBand Communications Inc., America's first consumer, nationwide, always-on, two-way, high-speed satellite Internet service provider. StarBand is based in McLean, Va. SkyBlaster(TM), Skystar Advantage(R), DialAw@y IP(TM) and FaraWay(TM) are trademarks or registered trademarks of Gilat Satellite Networks Ltd. or its subsidiaries. Visit Gilat at www.gilat.com and StarBand at www.starband.com.
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission.
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|Date:||Aug 13, 2001|
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