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Gilat Telecom
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(Satcom Systems), which provides satellite communication services, reports on its decision to enter the field of Internet connectivity in Israel as an Internet provider (ISP) based on advanced fiber and terrestrial infrastructure, combined with advanced cloud services.
According to the company’s announcement, in the first phase, activity in the business sector will focus on a business model of working with marketers and will offer packages that include integrative lines combined with cloud solutions tailored to businesses. The service includes packages of 100 megabits and up to 1 GB in classic and premium packages. In the future, Gilat Telecom plans to launch additional products, such as secure communications infrastructure, advanced router services, unique wireless solutions and public cloud connectivity services.
Ami Barlev, chairman of the company: “After a long effort, we are today launching a completely new growth engine for Gilat Telecom’s operations, while significantly strengthening the array of technological products and services that we can offer based on the vast knowledge and business experience accumulated over the past decades.
Gilat Telecom’s management is constantly working to identify new market opportunities and new channels for generating revenue and value for the benefit of our shareholders. Our new operating arm is based on existing knowledge and resources and constitutes an appropriate utilization of our existing resources in a manner that may enable us to generate new income alongside investments of insignificant amounts. We wish great success to all the company’s employees during this important event. ”
At the end of last year (2021), the company, which recently changed its name from Satcom Systems, announced the completion of the sale of its holdings in Wiocc Corporation for approximately $ 9.4 million. In return for the transaction, the company was used to make an early repayment of the Series F debentures in full and of Series B in part.
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