Gilat Extends Latin American IoT Project For Rural Farming Productivity

Gilat Satellite Networks Ltd GILT extended its multi-million dollar IoT project in Latin America.
Tier-1 MNO extends coverage of Gilat’s cellular backhaul solution as it increases its Agriculture IoT network.
Gilat provides the 4G network expansion to support the growing business with machine connectivity for cost-effective decisions, better crop management, greater speed, efficiency, and productivity in the production flow.
The initiative further solidified Gilat’s partner’s IoT Agribusiness network, delivering increased productivity to the farming industry in rural Latin America, Gilat SVP Michal Aharonov said.
Price action: GILT shares traded higher by 1.62% at $9.43 in the premarket session on the last check Wednesday.