Israel as a High Speed Internet Example to the World
Thanks to John Chambers, the CEO of Cisco, the Start up Nation is about to become digital. It seems as though Israel has been chosen to be the recipient of a new and powerful fiber optic system and will showcase as the first example of an entire state going digital. The super-speedy system will be installed throughout the country as a test case for the rest of the world. Chambers was in Jerusalem recently and revealed his plan – the eyes of the world are on us!
Let’s All Come Together Now
Cisco developed the super-fast technology for the cable system, which will link the various sectors of the state together. Everything, from the education ministry to the health department to industry will be connected. In regards to digitizing the country, he said “It’s a way to solve many of the problems that are big concerns of governments around the world – providing jobs for their citizens, education for their youth, improving security and integrating minorities into the mainstream.”
Cisco is providing the technology for fiber optic internet and ViaEuropa, which won the tender to build the infrastructure, will install fiber to the home (FTTH) across the country. With speeds of the new system reaching one gigabit per second, it will be ten times swifter than anything available now.
And the Winner Is…
According to Globes, the Israeli public is the real winner here, because along with enjoying the fastest internet in the world, it will benefit from increased market competition. Suddenly, Bezek and Hot don’t want to be left behind and will offer improved services and speed as well.
Israel fits the optimum criteria in that its citizens are fairly well educated, it has the correct amount of land mass and its population is the ideal size for such an experiment. And on top of that, Chambers sees Israel as a place where things are done efficiently and where people know how to work together well. In addition to 2,000 of its employees already working in Israel, Cisco has pumped some $1.5 billion of its own money into Israeli startups over the past 15 years. On top of that, Chambers considers Israel worthy of investment and might use some of the company’s spare cash, which amounts to some $40 billion, to fund new Israeli ventures.