Bezeq takes control of Yes Bezeq is to purchase the outstanding 50.22% of Israeli satellite platform Yes from partner Eurocom.
In an announcement Wednesday the Israeli telco said it would follow the terms set out by the Antitrust Commissioner in its March 2014 merger decision. Further approval of the country’s competition authorities is expected.
Bezeq will pay Eurocom – indirectly controlled by Shaul and Yosef Elovitch – an initial NIS 680 million. Further payments of NIS 200 million will be paid according to tax synergies and NIS 170 million based on the company’s results over the next three years.
