A PYMNTS Company

Israel: Telco joint venture IBC threatened by evolving market

By  |  November 18, 2013

According to unnamed sources, the shareholders of joint fiber optic venture IBC see threats in various potential deals throughout the telecom market in Israel.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    IBC shareholders are reportedly concerned over discussions of a possible joint network venture between competitors Hot Mobile Ltd. And Partner Communications Ltd., as well as similar potential plans between Cellcom Israel and Pelephone Communications.

    Partner and Cellcom are IBC’s top potential clients for fiber optic infrastructure development, but sources say the company’s shareholders are concerned the possible deals – which are currently only in the discussion phase – could threaten the success of IBC.

    But reports say that the nation’s Ministry of Communications, as well as the Antitrust Authority, will need to take into consideration IBC’s concerns should the potential mergers materialize.

    Full Content: Globes

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.