BRIEF: Gilat wins Brazil deal: A leading Brazilian telecommunications firm will use a Gilat network for a local bank.

Wed. September 09, 2009; Posted: 04:42 PM

The value of the deal is estimated to be $1.5-2 million.

The network will be used by Sicredi Bank for both primary enterprise networking connectivity as well as back-up.

The SkyEdge II broadband satellite network will connect Sicredi Bank branches nationwide, many of which otherwise do not have access to high-speed connectivity. In areas where terrestrial networks, such as DSL and wireless, are accessible, the satellite network will provide branches with backup connectivity, ensuring high availability even in case of a failure in the wireline link.

Telespazio Brasil has been a Gilat customer since 2001.

Shares in Petah Tikva-based Gilat opened on Nasdaq at $4.64, giving a market cap of $186.2 million.

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For full details for GILT click here.

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