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Mobile Internet co Saguna Networks raises $3m
Mobile Internet company Saguna Networks Ltd. has raised $3 million in a financing round led by an international communications equipment supplier. Saguna is a portfolio company of Xenia Venture Capital Ltd. (TASE:XENA), which is investing $300,000 in the latest financing round, which will give the company a 14.76% stake in the start up.
Mobile ad co inneractive in Nokia collaboration
Mobile ad company inneractive Ltd.is collaborating with mobile phone maker Nokia Corporation (NYSE; LSE; HEX: NOK) on it newly launched Nokia Ad Exchange (NAX). NAX provides developers, regardless of platform, with immediate access to more than 120 ad networks and agencies in 200 countries.
Telecom turmoil as cellular companies look for buyers
Israel’s telecom industry is preparing for reorganization again, with Cellcom and Partner Communications on the block, while Patrick Drahi attempts to consolidate his control over HOT Telecommunication Systems.
Two Large Israeli Tech Companies Announce Layoffs
Several large Israeli companies announced Sunday that they were laying off workers. Among them were Partner, which provides services for Orange cell phone service customers in Israel, and microprocessor designer and maker Freescale.
Faster Internet co Hola raises $10m
Hola, which is developing software to make the Internet up to ten times faster, has raised $10 million in a financing round led by Li Ka-shing’s Horizon Ventures and with the participation of previous investors Magma Venture Partners, DFJ, DFJ Tamir-Fishman, and Trilogy VC. Hola has raised $18 million to date
Partner fires 100 employees
Sources inform ”Globes” that Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) is about to fire 100 employees, mostly from headquarters and call centers. The current round of layoffs is part of the carrier’s effort to slash costs to cope with the increased competition in the mobile market.
Mobile newbies count 500,000 subscribers
The upstart mobile carriers Golan Telecom and HOT Mobile say they have together signed up half a million customers in the five months that they have been operating.
AudioCodes delivers business routers to Bezeq
VoIP equipment provider AudioCodes has been selected by Bezeq to supply Mediant Multi-Service Business Routers (MSBR) to provide high performance data services to Bezeq’s business customers. Bezeq offers its SMB customers a range of hosted data and voice services, and has selected AudioCodes’ MSBR to replace multiple customer premises equipment with a single converged device.
Court to rule on Pelephone union interference
The National Labor Court is expected to make a decision soon on what companies are and are not permitted to do when workers unionize, as the ongoing dispute between mobile carrier Pelephone and its employees continues.
HOT Mobile offers two months free
In an attempt to boost the number of subscribers, HOT Mobile Ltd.today launched a new campaign in which it offer people who switch from other carriers to begin paying only in January 2013. In effect, the carrier is offering two months of service for free.