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Xfone
Xfone (Hebrew: אקספון, sometimes stylized XFONE) is a company in Israel which provides cellular, telephony international services, and Internet services The company has operated a fixed-line telephony trial service, but has abandoned it for economic reasons. The company operates its mobile communications services under the WeCom brand, previously branded We4G for its 4G services. The company was part of the group of companies of the Israeli businessman, Hezi Bezalel, but it was sold to the Reichman family.
Xfone was originally founded in 2000 in the United Kingdom by Guy Nissensohn, who previously served as Marketing Director at RADA Electronic Industries. The dispute with Rada: Guy Nissenson's libel suit was rejected against CEO Herzl Bodinger, and Abraham Keinan, on the basis of a small communications infrastructure company called Swiftnet, which was founded in London on June 3, 2004, 1990, by Kenan, Nissensohn invested US$100,000 in the company, and together with Keinan began to expand its activity Guy Nissensohn served as CEO and Avraham Keinan as chairman. In 2002 it on listed on AMEX without raising money, and in 2004 raised 3 ml ($15 million). In 2005 the company raised $4.2 million at a company value of $30 million, and in 2004 it started communications activity in the United States, which includes the provision of domestic and international communications services,
In July 2004, Xfone Israel received a license from the Ministry of Communications for international telephony services.
In July 2006, Xfone International shares were listed for trading on the Tel Aviv Stock Exchange. At the time, Xfone comprised a number of companies, including Swiftnet Limited, a British company providing local and international telecommunications services and value added services, and Xfone USA, Inc., an American company providing local and international telecommunications services. In August 2007, it acquired NTS Communications from Dallas, Texas, which provides integrated solutions, voice, video and data, for $42 million. This acquisition more than doubled the company's operations in the United States and Xfone has started operating in the United States under the brand name of NTS and not Xfone USA.
In 2010, the businessman Hezi Bezalel purchased the Xfone Israel company. At the same time, Xfone International was disbanded when Avraham Kenan sold his shares to Guy Nissensohn and continued to buy back the activity in the United Kingdom. At the end of 2013, the activity in the United States was sold to a US investment fund at a company value of $83 million.
In June 2021, Xfone announced that it would be sold to the Reichman family for ILS 330 million and become a fully virtual network operator. According to Xfone, the sale was a result of a legal battle with competitor Cellcom.
In 2004, Xfone was one of three companies that received a license to provide international telephony services after the Ministry of Communications decided to open the market to additional competition (Xfone in prefix 018, NetVision with prefix 017, Internet Gold in prefix 015). When the international calls segment was opened to competition in 1997, only three licenses were issued for "Gold Lines" (012), "Barak" (013) and Bezeq International (014).
At the beginning of 2009, it began supplying Internet services and offered the cheapest price in the market.
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Xfone
Xfone (Hebrew: אקספון, sometimes stylized XFONE) is a company in Israel which provides cellular, telephony international services, and Internet services The company has operated a fixed-line telephony trial service, but has abandoned it for economic reasons. The company operates its mobile communications services under the WeCom brand, previously branded We4G for its 4G services. The company was part of the group of companies of the Israeli businessman, Hezi Bezalel, but it was sold to the Reichman family.
Xfone was originally founded in 2000 in the United Kingdom by Guy Nissensohn, who previously served as Marketing Director at RADA Electronic Industries. The dispute with Rada: Guy Nissenson's libel suit was rejected against CEO Herzl Bodinger, and Abraham Keinan, on the basis of a small communications infrastructure company called Swiftnet, which was founded in London on June 3, 2004, 1990, by Kenan, Nissensohn invested US$100,000 in the company, and together with Keinan began to expand its activity Guy Nissensohn served as CEO and Avraham Keinan as chairman. In 2002 it on listed on AMEX without raising money, and in 2004 raised 3 ml ($15 million). In 2005 the company raised $4.2 million at a company value of $30 million, and in 2004 it started communications activity in the United States, which includes the provision of domestic and international communications services,
In July 2004, Xfone Israel received a license from the Ministry of Communications for international telephony services.
In July 2006, Xfone International shares were listed for trading on the Tel Aviv Stock Exchange. At the time, Xfone comprised a number of companies, including Swiftnet Limited, a British company providing local and international telecommunications services and value added services, and Xfone USA, Inc., an American company providing local and international telecommunications services. In August 2007, it acquired NTS Communications from Dallas, Texas, which provides integrated solutions, voice, video and data, for $42 million. This acquisition more than doubled the company's operations in the United States and Xfone has started operating in the United States under the brand name of NTS and not Xfone USA.
In 2010, the businessman Hezi Bezalel purchased the Xfone Israel company. At the same time, Xfone International was disbanded when Avraham Kenan sold his shares to Guy Nissensohn and continued to buy back the activity in the United Kingdom. At the end of 2013, the activity in the United States was sold to a US investment fund at a company value of $83 million.
In June 2021, Xfone announced that it would be sold to the Reichman family for ILS 330 million and become a fully virtual network operator. According to Xfone, the sale was a result of a legal battle with competitor Cellcom.
In 2004, Xfone was one of three companies that received a license to provide international telephony services after the Ministry of Communications decided to open the market to additional competition (Xfone in prefix 018, NetVision with prefix 017, Internet Gold in prefix 015). When the international calls segment was opened to competition in 1997, only three licenses were issued for "Gold Lines" (012), "Barak" (013) and Bezeq International (014).
At the beginning of 2009, it began supplying Internet services and offered the cheapest price in the market.