Will we really see the Unlimited Fiber venture in broad action soon? The latest reports state that the plan has been further delayed, and is currently in the process of recovering where payments are stopped and new investors are being sought.
A lot of expectations are involved In the optical project of IEC and IBC (Known by its trade name 'Unlimited'). For the Israeli surfer, even the simplest, the success of the venture means a revolution in the issue of Internet connection in Israel, both in terms of the boundaries that will be broken and in terms of cost-effectiveness in the Israeli market.
After an optimistic picture six months ago, In which it was announced that the deployment of the lines in Gush Dan would begin, Current reports on Calcalist Point to financial difficulties in the management of the project, which brings him to the health care program, which will slow or even delay the deployment of lines, stop payments to shareholders and recruit new investors.
The venture is currently forced to slow down the deployment of lines across the country in order to keep the budget available as much as possible, but without a doubt the main goal is to find an investor. In this case, not everything is black, and the venture has several directions, although quite a few obstacles along the way.
In order for this to be available to raise the right investment, it is necessary to end the negotiations with all the shareholders in order to leave as much budget as possible in the venture's coffers. The local shareholders are the main problem, but rather the Swedish company "Via Europa" to which 30% of the company's shares belong.
On the face of it, it seems that in order to raise the right investment, the company will have to enlist the help of political factors, according to the IEC through the Ministry of Communications, which at the moment is not so excited about the project's difficulties. Of other companies from the communications market in order to maintain moderate competition.
Approval of the entry of these companies will enable the Company to join existing suppliers such as Partner, Cellcom, Rami Levy and Hezi Bezalel, and to continue the project's activities. In addition, it is reasonable to assume that political sources will want to preserve the project later on through IEC and to channel additional funding - but as it seems, the solution lies with the Ministry of Communications.
It is not clear at this stage what the future of the project is, but it is hoped that it will overcome the economic difficulties in the end and will continue with the deployment process, which theoretically will enable the Israeli surfer to quickly connect and download up to 1 gigabytes Not easy - if not to say, fatal for Hot And Bezeq.