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TMCNet:  Gilat's VSATs selected for India's Ministry of Finance National ATM initiative

[February 08, 2013]

Gilat's VSATs selected for India's Ministry of Finance National ATM initiative

Feb 08, 2013 (TELECOMWORLDWIRE via COMTEX) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) said it has been selected by Nelco Ltd. and Bharti Airtel Ltd. to provide secured satellite-based communications as the primary mode of connectivity for up to 30,000 ATM sites across India.

The contract is part of India's Ministry of Finance ATM initiative aimed at making financial services accessible to a greater audience across India, regardless of income, with the deployment of thousands of new ATM sites nationwide.

Under the agreement, Gilat will provide the VSATs to the selected service providers who will deploy the first 15,000 SkyEdge satellite broadband terminals in 2013, with expected growth of up to 30,000 sites by middle of 2014.

Nelco Ltd. (a Tata enterprise), a part of the USD83Bn Tata Group, started in 1940 as a revolutionary electronics company. It has many firsts to its name and has TODAY reinvented itself from the ground up. For more information, visit http://www.nelcoin.com.

Gilat Satellite Networks Ltd (GILT) (GILT) is a provider of products and services for satellite-based broadband communications. The company's website is at www.gilat.com.

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