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Bezeq repays ILS 438 mln debt early in restructuring

Published 02 Oct 2019 11:30 CET | Israel

Bezeq Israel said it has completed the early repayment of a number of loans from financial institutions and banks to the tune of ILS 438 million for a total of ILS 1.53 ...

Elco group mulls Golan bid for Cellcom

Published 01 Oct 2019 10:50 CET | Israel

Elco Group, the controlling shareholder in Electra Consumer Products, has decided to expand in the local mobile telephone market and Cellcom is its preferred takeover ...

Cellcom, Pelephone employees end strikes

Published 26 Sep 2019 10:51 CET | Israel

Employees of Pelephone and Cellcom Israel have called off their strike over planned redundancies, Globes reported. Cellcom management and workers committee have agreed to ...

ECI launches Converged Interconnect Network platform for cable operators

Published 25 Sep 2019 16:15 CET | Israel, World

ECI announced the availability of its Converged Interconnect Network (CIN) platform for cable operators. ECI said its platform is the first step in the transition to a ...

Cellcom Israel faces strike over restructuring plans

Published 25 Sep 2019 09:32 CET | Israel

Cellcom Israel said that the Histadrut trade union representing its staff has declared a labour dispute after its recently announced comprehensive restructuring plan. Under ...

Pelephone to shed up to 500 workers in service and engineering departments

Published 25 Sep 2019 09:25 CET | Israel

Bezeq Israel's mobile phone unit, Pelephone, plans to make 400-500 employees redundant, reported Globes, citing the workers' committee. This is one quarter of its staff and ...

Cellcom board member Lapidot leaves after resigning as IDC CEO

Published 24 Sep 2019 10:51 CET | Israel

Cellcom Israel said that Sholem Lapidot has left its board of directors as he has resigned as CEO of indirect controlling shareholder Discount Investment Company (DIC). He ...

Amazon begins local delivery in Israel

Published 24 Sep 2019 09:51 CET | Israel

Amazon has launched its local delivery service in Israel, Globes reported. The launch follows 30 months of preparations coordinated by representatives from Amazon's Berlin ...

Cellcom Israel starts restructuring plan to cut annual opex by ILS 150 mln by end-2020

Published 24 Sep 2019 09:44 CET | Israel

Cellcom Israel said its board has approved a comprehensive restructuring plan which will strengthen it in facing continued intense competition and low prices in the market. ...

Partner shareholder Saban to give up 30% stake

Published 24 Sep 2019 09:29 CET | Israel

Israeli operator Partner Communications' controlling shareholder Haim Saban is relinquishing his shares in the company, after failing to secure better terms on a loan he used ...

Facebook buys Israeli bot start-up Servicefriend for Libra service

Published 23 Sep 2019 10:03 CET | Israel

Facebook has acquired Israeli AI bot start-up Servicefriend although no financial details about the takeover have been provided, according to TechCrunch. A Facebook ...

Bezeq ships first 250,000 BE routers, increases ARPU

Published 20 Sep 2019 09:38 CET | Israel

Israel Telecommunication (Bezeq) said it deployed its first 250,000 BE routers in customer homes. The company said it increased its retail ARPU in 2019 by adding a range of ...

Intel inaugurates 'world's smartest building' in Israel

Published 17 Sep 2019 14:12 CET | Israel

Intel Israel has inaugurated a building the company says is the smartest in the world, Globes reported. The algorithms and automation of the building's systems were ...

Israeli's Healthy.io raise USD 60 mln, gets FDA clearance for kidney disease test via smartphone

Published 13 Sep 2019 11:10 CET | Israel

Israeli start-up Healthy.io, which has developed technology to turn a smartphone camera into a clinical-grade medical device, has secured a USD 60 million Series C financing ...

Yes to launch internet streaming service in November

Published 12 Sep 2019 10:46 CET | Israel

Israeli satellite TV broadcaster Yes received unexpected support for its plans to launch a new internet streaming service in November, when Apple announced that its Apple TV ...

YahClick, iSAT ink partnership to boost satellite broadband

Published 12 Sep 2019 10:28 CET | Israel

YahClick, a satellite broadband service from UAE-based global satellite operator Yahsat and its partner Hughes Network Systems, has announced the start of a strategic ...

iPhone 11 set for Israel release on 26 September

Published 12 Sep 2019 10:16 CET | Israel

The new iPhone 11 will be released in Israel on 26 September. Istore, which will launch the new phone, said prices will be similar to the new models launched in September ...

Ingram Micro teams up with ITsMine for AI based data loss prevention

Published 11 Sep 2019 14:54 CET | Israel

ITsMine, a cybersecurity company focused on protecting organisational data, will distribute its AI-based data loss prevention system on Ingram Micro's Cloud Marketplace as a ...

Cellcom Israel announces resignation of VP for marketing

Published 09 Sep 2019 09:58 CET | Israel

Cellcom Israel's vice president for marketing Yoni Sabag has announced his resignation after eight years in office. Sabag did not give reasons for his resignation but will ...

Swissto12 raises CHF 18.1 mln in Series B financing round

Published 06 Sep 2019 12:38 CET | Israel, Switzerland, United States

Swissto12, a provider of telecommunications components for the satellite and aerospace industries, closed a CHF 18.1 million (USD 18.5 million) Series B financing round led ...

Amazon plans Israel launch for election week

Published 05 Sep 2019 10:48 CET | Israel

Amazon is readying to launch in Israel in the week of the general election on 17 September and before the Jewish New Year holiday, Globes reported. Amazon has asked Israeli ...

Bezeq fined ILS 30 mln for blocking network access for alternative providers

Published 05 Sep 2019 09:34 CET | Israel

Bezeq Israel has been fined ILS 30 million for what the competition regulator said was an "abuse of the firm's monopolistic position" in telecommunications infrastructure, ...

Former Bezeq chairman, CEO indicted for fraud

Published 03 Sep 2019 10:29 CET | Israel

Israeli operator Bezeq said it was not yet able to assess the implications of possible indictments of former senior officials on the company and its financial results. The ...

Bezeq Israel revenue falls by 4.7% in Q2

Published 30 Aug 2019 09:35 CET | Israel

Bezeq Israel said revenues decreased by 4.7 percent to ILS 2.22 billion in the three months ended 30 June from ILS 2.33 billion in the same quarter of 2018. There were lower ...

Golan Telecom Q2 revenue rises slightly year on year

Published 28 Aug 2019 09:51 CET | Israel

Israeli operator Golan Telecom said revenue increased to ILS 131.3 million in the second quarter to 30 June from ILS 130 million in the same period in 2018. For the first ...

 

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