The Tel Aviv-based De-Kalo Ben-Yehuda investment bank has been appointed to represent France Telecom (NYSE:FTE) in all of its Israeli interests related to venture capital, said Amir Ben Yehuda, a partner in the Israeli investment bank.
De-Kalo Ben-Yehuda specializes in technology companies and raising funds through private placements.
De-Kalo Ben-Yehuda will seek out investments, locate and invest in startups, and arrange joint ventures on behalf of the French conglomerate.
France Telecom has previously confined itself to indirect activity in Israel, mostly through the venture capital firm Jerusalem Venture Partners.
De-Kalo Ben-Yehuda says there was stiff competition for the right to represent the French concern in Israel.
France Telecom is one of the largest communications firms in the world. In addition to its investments through JVP, the concern has invested in other international telephone companies and in startups such as Cyoptics and Atrica.