Swedish-led Group Raises Capital for Super-fast Internet Network in Israel

Consortium raises NIS 100 million in capital and NIS 200 million in bank guarantees needed for the joint venture, which will enable Internet speeds of one gigabit per second - 100 times more than what is available now.

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A plan to develop a super-fast Internet network on top of Israel Electric Corporation's power grid moved a critical step forward on Tuesday when the investor group led by Sweden’s Viaeuropa transfer said it...