TechNation / Cellcom Launches TV Service

Pitango chief doesn't fear tech bubble; Whatsapp, Waze are Israelis' favorite apps.

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Cellcom launches TV service

Cellcom Israel launched an Internet television service yesterday, which will cost 99 shekels ($25) a month for subscribers. Cellcom TV will offer Israeli channels 1, 2 and 10, live sports from the Sports Channel, video on demand and other advanced features and viewing capabilities, such as the ability to fast forward and replay video. Cellcom has signed deals to get content from Sony, BBC, Lionsgate, NBC and National Geographic. “Television in Israel is very expensive, people paying for a basic package, VOD, a sports package and films pay 350 or 450 shekels a month — that’s too much,” Cellcom CEO Nir Stern told a news conference. (Amitai Ziv)

Pitango chief doesn’t fear tech bubble

Chemi Peres, managing partner of Pitango Venture Capital, warns that the high-tech industry is not experiencing the kind of bubble that caused tech shares to collapse in 2000. “It’s true that companies are achieving very high valuations, with transportation being a good example,” Peres told TheMarker Digital Conference this week. “The world is moving to a sharing economy. We’re seeing high valuations for companies like [navigation app] Waze that are creating this sharing economy, but in my opinion it’s no bubble.” As for startups that don’t charge fees for their services, Peres said it was a legitimate business model to leave concerns about monetizing a service for later. (Inbal Orpaz)

Whatsapp, Waze are Israelis’ favorite apps

Whatsapp and Waze are Israelis’ favorite app by wide margins, beating even Facebook and email, a survey conducted by Bezeq shows. The poll found that 70% would not be ready to give up their Whatsapp, up from 54% in the last survey taken in July 2013. Some 57% wouldn’t give up Waze, up from 46% previously. But only 36% would be unwilling to give up their email, up two percentage points higher than the previous poll. Facebook’s popularity actually declined, with only 32% saying they wouldn’t want to give it up, down from 37% previously. “There are still a lot of [Facebook] users but how much they use has become more reasonable,” said Ran Gonor, a Bezeq vice president, told TheMarker Digital conference on Sunday. (Amir Teig)