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Israel: Against odds, telcos maintain optimism for joint venture

 |  December 12, 2013

While experts say Israel’s Antitrust Authority is unlikely to clear the deal, reports say telcos Pelephone Communications and Cellcom Israel remain optimistic that their proposed network sharing joint venture will prevail.

The companies, which announced the venture this week, have hired advisors for the merger as they prepare to submit the plans for regulatory approval. But experts warn the deal will face significant antitrust challenges as the venture joins the nation’s top-two wireless operators and would result in a dominant force controlling the nation’s wireless infrastructure.

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