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| De-kalo Ben-Yehuda investment bank to represent France Telecom in Israel. |
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| May 9, 2001 |
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As part of the agreement, Dekalo-Ben-Yehuda will seek out investments, locate and invest in startups, and arrange joint ventures on behalf of the French conglomerate.
Until now France Telecom has only been indirectly active in the Israeli market, mostly through the venture capital firm Jerusalem Venture Partners (JVP). It was JVP that suggested the French company invest in Chromatis Networks before it was sold to Lucent Technologies (NYSE:LU) –but France Telecom declined.
Dekalo-Ben-Yehuda says there was stiff competition for the right to represent the French concern in Israel.
France Telecom is one of the largest communications firms in the world. In addition to its investments through JVP, the concern has invested in other international telephone companies and in startups such as Cyoptics and Atrica. |
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