Court gives Bezeq OK to up satellite TV unit stake

5 Feb 2009

Reuters is reporting that the Israeli antitrust court has conditionally approved incumbent Bezeq’s bid to merge with its satellite TV unit YES. Bezeq currently owns a non-controlling 50% stake in the digital TV provider. Previous attempts by the telco to merge with the TV unit have been rejected on the grounds that the tie-up could be viewed as anti-competitive, as Bezeq is currently constructing a next generation network capable of transmitting IPTV. It has not been revealed, however, what conditions will be imposed on Bezeq as part of the approval. Eurocom, which holds a 30% stake in YES is expected to appeal the decision.