American company Wireless, which deploys wireless networks as infrastructure for new telephony companies on the market, has signed an agreement with Israeli company Witcom. Under the agreement, Wireless will use Witcom’s wireless technology for voice and data communication, introduced by Witcom at the Supercom exhibition in the US last week.
The agreement with Wireless came a few weeks after Witcom signed a similar agreement with Hong Kong based company Champion, whereby Witcom technology will be used in the deployment of wireless networks in the Far East, notably in the huge Chinese market.
Founded in 1997, Witcom is currently headed by Yossi Lahad. Its product, Vitalink, enables point-to-point wireless communication of voice and data among cellular sites, as well as between Internet companies’ communication centers and their large customers. The product is unique in combining voice and data, which qualify it for use on the Internet market.
Wireless will use the Witcom technology for deploying wireless networks across whole states in the US, and at network terminals, for linking customers, it will use LMDS technology, which enables broadcasting from a single to multiple points.
Witcom is owned by Discount Investments - 20%: RDC (a company owned by Discount Investments, Elron and Rafael Armament Development Authority) - 40%; Comverse Investments (a company owned by Comverse and the Soros Fund) - around 20%; and company staff - 20%.
Published by Israel's Business Arena June 13, 1999