Israel picks team to build high-speed web network

June 17, 2013

An Israeli committee has chosen a consortium led by Swedish company ViaEuropa to build a nationwide high-speed broadband network.

The committee, which includes representatives from the government and the state-owned Israel Electric Corp., announced its decision Monday. It said the includes Israeli company Rapac, BATM, Zisapel Properties and Tamares Holdings. International networking giant will provide technology.

The consortium is teaming with the electricity company to build the network on existing power cables. The fiber-optic network is expected to provide connections up to one gigabyte.

The new consortium will hold a 60 percent stake in the venture, and the electricity company will hold 40 percent. Financial terms were not disclosed.

Construction is expected to begin this year and would take several years to complete.

Explore further: Dish asks FCC to let it build wireless network

Related Stories

Dish asks FCC to let it build wireless network

August 23, 2011

(AP) -- Satellite TV broadcaster Dish Network is asking regulators to let it build a wireless broadband network. Having one would let Dish compete more effectively with cable companies that can bundle broadband and TV signals.

Israel sets sights on next-generation Internet

January 26, 2012

(AP) -- Israel is often referred to as "Startup Nation," thanks to its long history of high-tech breakthroughs produced by scrappy little companies. But in one critical area, the speed of Internet connections, Israel has ...

Saudi-led consortium wins Morocco solar energy bid (Update)

September 24, 2012

(AP)—Morocco awarded a $1 billion contract to build a solar power plant to a Saudi-led consortium on Monday, as part of this country's ambitious plans to harness the sun's energy and reduce dependence on imported fossil ...

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.