Gilat’s dream-team customer set for satellite & terrestrial broadband not yet delivering revenue boost

by Peter B. de Selding

PARIS — Satellite broadband hardware and services provider Gilat Satellite Networks continued to report a contrast between a customer set most satellite broadband players would die for and a lackluster revenue showing.

The company once again asked investors for more patience as a large, long-term revenue stream from the Colombian government’s FITEL terrestrial-broadband network nears completion.

But it’s not quite there. Gilat has long said the prize at FITEL was not the network’s buildout, but its recurring annual service revenue.

The . . .

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