Clal invests in Arcadian Networks

Clal Industries and Investments said Sunday it has invested $20m. in New York-based wireless broadband provider Arcadian Networks.

Clal Industries and Investments said Sunday it has invested $20m. in New York-based wireless broadband provider Arcadian Networks. The company's investment follows the $40m. raised by Arcadian through Goldman Sachs and Gilo Ventures in April, when it started operations. Since then, Arcadian said it has introduced the first IP-based, private network and turn-key carrier services. The Clal investment will allow Arcadian to accelerate the sales, marketing and build-out of its data and voice communication network and associated telecommunication carrier services and solutions in the US .