Orange makes first investment in Israel since public row

Israel-based Hola, a video distribution network for publishers, said on Wednesday it raised $17 million in a funding round led by Iris Capital, a strategic partnership between France’s Orange and Publicis Groupe.

Hola’s distribution network aims to increase reliability and speed for video viewing while lowering costs. Hola has raised $30 million to date.

This is Orange’s first investment in Israel since the French telecoms group and Israeli mobile phone operator Partner Communications agreed terms to end their licensing deal following a public row in Israel. Orange said at the time it was still committed to Israel.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4700939,00.html

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