Celtro raises $7m.

(From Israel Business Arena)

Byline: Batya Feldman

Sources inform ''Globes'' that start-up Celtro Inc. recently closed a $7 million internal financing round. The company's investors ECI Telecom Ltd. (Nasdaq: ECIL), Genesis Partners, Cedar Fund and Momentum Management participated in the round

Cetro, an ECI spin-off, develops transmission solutions for the backhaul mobile networks. The company's technology improves wireless network efficiency, enabling operators to triple the number of calls made over the same infrastructure. Celto chairman and CEO Ron Zor and CFO and COO Zohar Heiblum run the company. Zor and Heiblum are also general partners in …