Gilat Signs Bulgarian Accord
Gilat Satellite Networks [Nasdaq: GILTF] has signed an agreement with the Bulgarian petroleum company TRANSAT to deploy a Skystar 360E hub and VSAT network with sites throughout Bulgaria.
TRANSAT, and its parent company Petrol Bulgaria, plan to provide support for a variety of applications in Bulgaria and Eastern Europe through this private satellite- based VSAT network. The equipment will be delivered in the third quarter of 2003.
The TRANSAT agreement includes a Skystar 360E hub and 511 remote sites. The network will provide data connectivity to 450 gas stations, 17 corporate regional branches, 30 bank branches and other applications.