Alvarion Ltd. (NasdaqCM:ALVR) announced a private placement of shares with Valley Telecom Ltd. and Yoav Kfir on August 25, 2013. Valley Telecom Ltd. will invest $500,000 in the transaction for 75% stake in the company and Yoav Kfir will invest for 15% stake in the company.

On August 25, 2014, Alvarion Ltd. cancelled the transaction.