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Hola's distribution network aims to increase reliability and
speed for video viewing while lowering costs. Hola plans to use
the latest funds to expand its engineering and product teams
over the next 12 months to 200 employees from 75 as it enters
the market after several years of development.
The network will be available in the fourth quarter after 12
video publishers participated in a pilot program.
Hola has raised $30 million to date.
This is Orange's first investment in Israel since the French
telecoms group and Israeli mobile phone operator Partner
Communications agreed terms to end their licensing deal
following a public row in Israel. Orange said at the time it was
still committed to Israel.
(Reporting by Tova Cohen)
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