Gilat Satellite Networks Ltd. (NASDAQ: GILT) has successfully completed the deployment of the first 10,000 VSATs (Very Small Aperture Terminals) with Optus as part of NBN Co's Interim Satellite Service.

The joint effort between Optus and Gilat, first announced in May 2011, will include up to 48,000 Gilat SkyEdge II VSATs expected to be deployed over the next three years. Gilat is responsible for the VSAT CPE installation and maintenance and end-to-end management and maintenance of the NOC (Network Operating Center) and eleven hubs across three earth stations. Subject to final design and implementation of the network, the project represents a potential value of up to $120 million for Gilat.

Leveraging Gilat's SkyEdge II advanced capabilities in multi-beam environments, the satellite-based network utilizes IPSTAR’s Ka-/Ku- multi-spotbeam capacity and Optus’ Ku- capacity over Australia, and provides broadband services to eligible Australian households, small businesses, indigenous communities, not-for-profit organizations, schools, health clinics and local council facilities such as public libraries around Australia where geographic location impedes the ability to provide either fiber or advanced wireless connectivity.

"Satellite-based connectivity is a critical element in NBN Co's commitment to offering broadband services across Australia, and Gilat’s expertise in delivering large scale projects has been key to helping Optus meet this important milestone of connecting more than 10,000 sites,” said Paul Sheridan, Vice President, Optus Satellite.

"We are very pleased to have achieved this milestone ahead of time and see this as an important accomplishment for both Gilat and Optus. The rapid deployment is a testament to the teams' cooperation and dedication in supporting NBN Co's commitment to delivering high-speed broadband to Australians living in rural and remote locations", said Erez Antebi, CEO, Gilat Satellite Networks.