Mergers and Acquistions News
Categories: Telecoms
August 24th 2009, 16:19PM
The proposed merger of Israeli telecoms provider Bezeq Israel Telecom with satellite TV firm Yes has fallen through.
A judge at the country's supreme court upheld the ruling of the Israeli Antitrust Authority that would see the telecoms firm increase its stake in the company.
Bezeq currently has a 49.8 per cent stake in the company, but has been engaged in a battle with the authority to increase the stake for more than a year.
The antitrust commissioner had filed an appeal with the supreme court, whose decision could lead Bezeq to sell its stake, according to analyst at Excellence Nessuah Investment House Gilad Alper.
He told the Jerusalem Post: "This means Bezeq will probably consider selling their stake in Yes and focus on expanding their next-generation network.
"This isn't necessarily bad news; it could make things a bit more clear from here for the company."
Bezeq Telecom recently reported that its quarter two profits increased by 19 per cent.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)