Reform in Israel's Landline Market Stirring Labor Unrest at Bezeq

RealView Imaging raises $10 million; Privatequity.biz says it's attracted more than 1,000 investors since launching, while Bezeq workers planning labor dispute over landline reforms.

Bloomberg

Reform in landline market stirring labor unrest at Bezeq

A reform plan in the wholesale landline telephone market, expected to increase competition that Bezeq Telecommunication faces in the sector, has sparked a labor dispute with Bezeq employees. Last week, the company advised the Tel Aviv Stock Exchange that it had received formal notice from the Histadrut labor federation of a work dispute over the implications of the landline reform on wholesale landline sector workers, their working conditions, salaries and job security. The notice also demands that Bezeq conclude a new collective wage agreement with the workers before the reform takes effect. “The company cannot assess the ramifications of the notice at this time,” Bezeq informed the stock exchange. The Communications Ministry has projected that the reform would cost Bezeq about 600,000 customers and lower the cost of landline service by about 30%.

RealView Imaging raises $10 million

Yokne’am-based medical holography company RealView Imaging announced that it has completed a $10 million financing round, led by LongTec China Ventures of Shanghai. Prior investors also participated. The leading earlier investor is Shimon Eckhouse, who serves as chairman of RealView Imaging. LongTec China Ventures CEO Peggy Wang has now joined the board. RealView was founded in 2008 and managed by CEO Aviad Kaufman. By the end of the year, it expects to have a staff of 15, all in Israel. The company reported that after several years of work on its core 3-D hologram technology, in 2013 it concluded the world’s first clinical trial, using the imaging in real time in support of cardiac intervention procedures, in cooperation with Philips Medical and Schneider Children’s Medical Center of Israel. According to The Wall Street Journal, the company expects to have a commercially available system on the market in 2016.

Privatequity.biz says platform attracted more than 1,000 investors

PrivatEquity says its has attracted more than 1,000 investors to its Internet trading platform since it was launched earlier this year, the Globes business daily reported. The Israeli company’s platform allows current and former employees who hold the securities of private companies to offer them for sale. “Since its establishment, the company has signed contracts with high-tech employees from prominent companies in Israel, who are interested in selling their securities. PrivatEquity.biz has profiled investors seeking to take part in Israeli high-tech ventures and found a high rate of foreign private investors, mostly from Europe, the United States and Canada, with an age range of 35 to 50,” Globes reported. “According to Privatequity.biz’s estimates, the average amount of capital available for conducting venture capital investments in the arena is roughly $50,000."