BigBand (Nasdaq: BBND) lands a deal with Charter Communications (Nasdaq: CHTR) for its switched digital video solution. Charter is the fifth operator to initiate commercial deployments of BigBand’s SDV solution. The five largest cable operators in the U.S. have now selected BigBand’s SDV. Check out our recent coverage of BigBand.
Motty Zisser, Elbit Medical’s (Nasdaq: EMITF) head, is already mulling expanding the Budapest Arena Center. The 66,000-square meter mall is Hungary’s largest mall and is fully occupied. The center was sold in August and it looks like Elbit Medical may see a gain of 1 billion NIS on the sale. See our coverage of Elbit Medical’s strategy here.
Merrill Lynch upgrades Israel cellular provider, Cellcom (NYSE: CEL). The bank said, “Despite the share price rallying 17% in the past month, we see two reasons to recommend purchase. First, we find a prospective 7.6% dividend yield compelling and, second, we see scope for additional cash returns with current net debt only 1.3 times earnings before interest, taxes, depreciation and amortization (EBITDA) and well below management comfort levels of 2.5 times.”