Israel courts 5G investment from US telcos

Cellular antenna

Ministry of Communications director general Nati Cohen is due to meet with US telecoms giant Verizon in New York.

Ministry of Communications director general Netanel (Nati) Cohen will try to interest overseas telecommunications companies in taking part in fifth generation cellular trials in Israel. Cohen will also try to introduce American investors into the Israeli telecommunications market. Cohen is accompanying Minister of Communications Ayoob Kara, who is part of Prime Minister Benjamin Netanyahu's entourage for his visit to New York to attend the UN General Assembly.

The ministry's idea is to try to restore interest in the Israeli telecommunications market on the part of international companies, which have refrained from investment in Israel in recent years.

During his visit to New York, Cohen will reportedly meet with representatives of US telecoms giant Verizon and propose that the company should participate in 5G trials to be held at Bar Ilan University in conjunction with Israeli mobile carriers. Meetings will also be held with representatives of Lockheed Martin, with the aim of persuading the company to expand its investment in Israel.

The idea is also to conduct trials in IoT (Internet of Things), and to take advantage of the fact that there are many technology companies in Israel in areas of interest to the US companies, and to bring them into the initiative as well.

Published by Globes [online], Israel business news - www.globes-online.com - on September 27, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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