First Ever State-Wide Optic Fiber Infrastructure Project

After receiving instruction to this effect from the Israeli government, the Israel Electric Corporation (“IEC”) was authorized by the Ministry of Communications to install and operate a fixed telecommunication infrastructure, to be deployed via the electricity network, under the framework of a newly formed company. The total estimated investment for the project was several billion Israeli Shekels. The IEC is the sole integrated electric utilities provider in the State of Israel, and is engaged in various business activities, primarily the generation, transmission and distribution of electricity. Pursuant to a subsequent determination that this new company would be formed in conjunction with another company, which would be elected as the controlling shareholder, pursuant to a public tender process, the tender process in question was initiated. In such tender process, we represented a Swedish company, which company joined together with several other local and offshore companies (the “Consortium”) in making its bid. Preparation of the bid included negotiations with the IEC, as well as with various regulatory authorities and numerous Israeli corporate entities, and required that numerous complex matters be addressed in relation to tender law, antitrust law, corporate law, and telecommunications law. The Consortium was successful in its bid, and we now serve as legal counsel for the new telecommunications company working on this groundbreaking project.