To: Maverick who wrote (1093 ) 2/3/1998 7:58:00 AM From: P.M.Freedman Read Replies (4) | Respond to of 1629
3Com President Member of Group Planning Satellite Broadcast Network in Israel By Efi Landau Eric Benhamou, president of 3Com, which is one of the largest data communications companies, is a partner in a group planning to establish a satellite broadcasting network (DBS) in Israel, based on Ministry of Communications plans to open the field to competition. The group plans to invest $150-400 million and is negotiating with other potential investors. Israeli firm Unicorp, owned by Prosper Abutbil, who founded the group and resides in both France and Israel, holds the rights to the technology and methods of French company Canal Plus's satellite broadcast network, and is negotiating with various groups to sell the rights to use the technology. In the next two days, Unicorp will hold meetings in Tel Aviv with professional concerns in the cable television industry including representatives of the cable TV franchisees, Ministry of Communications representatives, the public broadcasting administration, and various investors. Benhamou has run 3Com since 1990, and the company is currently considered one of the three largest data communications companies in the world, along with Cisco and Bay Networks. The company has a development center in Israel as well as a distribution and marketing center. In 1994, 3Com acquired Nicecom from Nice Systems for $58.5 million. In acquiring multinational modem manufacturer US Robotics, 3Com also acquired US Robotics Israeli subsidiary Scorpio which US Robotics had previously acquired for $80 million. Published by Israel's Business Arena February 2, 1998