Israeli government seeks merger between cable TV companies
Israeli Prime Minister and Minister of Communications Ariel Sharon, and Minister of Finance Benjamin Netanyahu, are seeking a way to enable a merger between local cable TV companies.
A merger is advocated “in light of the benefits that may arise from such a move, in terms of the development of competition in multi-channel TV broadcasting and in telecommunications,” according to a ministry press release. Other important public interests that would reportedly be served by the conclusion of such a step include greater stability of the Israeli banking industry.
In the near future, the ministers intend to examine the feasibility of this move that was approved by the Cable and Satellite Television Council and by the Anti-Trust Supervisor. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
- Matav negotiating possible increase in holdings in merged cable company
- Three Saudi insurance companies seek merger
- Israeli Companies Authority transferred to the Ministry of Finance
- Israeli finance minister heads for New York, Washington and London
- Matav-Cable to sell 7.7 percent of Partner Communications