Gilat (GILT) has released an update.

Gilat Satellite Networks Ltd. has been awarded a $4 million contract to enhance rural connectivity in Latin America, providing critical banking and payment services over a three-year period. The company’s satellite network supports essential financial operations, offering reliable connections for remote banking transactions, ATMs, and Point of Sale systems. This move bolsters Gilat’s presence as a key player in delivering satellite-based broadband communications for diverse and underserved regions.

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