Israeli telco Bezeq has confirmed its intention to merge with its DTH subsidiary YES.
The company intends to raise its stake in the satcaster from 49.8% to 58% after meeting a series of conditions that had been placed by Israel’s anti-trust authority. There had been concerns that Bezeq might ultimately close down its satellite operations once the build of its IPTV network had been completed.
Instead Bezeq intends to use YES to match the triple play offer of its cable competitor HOT.
Israel’s Supreme Court is expected to deliver a final ruling on the merger in June or July.
