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Latest Satellite News Discussion, New No to Yes merger plan at General Satellite News forum; No to Yes merger plan Chris Forrester Israeli telco Bezeq cannot increase its stake in DTH pay-TV operator Yes. The ...

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Thumbs up New No to Yes merger plan - 21-August-2009, 09:50

No to Yes merger plan

Chris Forrester

Israeli telco Bezeq cannot increase its stake in DTH pay-TV operator Yes. The Israel Supreme Court ruled that Bezeq's existing 49.8% stake in Yes cannot be increased.

Bezeq had wanted to increase its holdings to 58%, but the Court recognised submissions from the country's anti-trust commissioners, as well as from Yes minority shareholder (30%) Eurocom.

There remains a possibility that Eurocom could now launch a counter-bid. Meanwhile, Bezeq is expected to continue building out its nationwide IPTV system.


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