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Israel: Telco faces hurdles in buyout of TV unit YES

 |  November 3, 2013

Antitrust regulators would require Israel-based teleco firm Bezeq Israel to meet various conditions should it wish to proceed with its proposed merger with satellite television unit YES, according to reports.

In a statement to the Tel Aviv Stock Exchange, the antitrust regulator listed a set of concessions for Bezeq to meet, though declined to say further what those conditions may be.

Bezeq, the nation’s top teleco group, currently holds a 49.8 percent stake in YES but is looking to expand its operations into a TV, phone and Internet-package company in efforts to compete with HOT, which currently offers such an option.

Full content: Daily Press

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