Israeli incumbent Bezeq is not in favour of a break-up, a spokesperson has told TelecomFinance.
Eleven days ago, outgoing government official Gilad Erdan had threatened to put forward a bill aimed at forcing the company to sell its service and content…
Israeli incumbent Bezeq is not in favour of a break-up, a spokesperson has told TelecomFinance.
Eleven days ago, outgoing government official Gilad Erdan had threatened to put forward a bill aimed at forcing the company to sell its service and content business, only retaining its infrastructure.
The Bezeq spokesperson noted that the proposal had now been dropped, as Erdan had yesterday rejoined the government.
Erdan, who had previously been communications minister, was most recently interior minister, before resigning. This was reportedly in protest of not being awarded a promotion in Benjamin Netanyahu’s new government.
He is now likely to be offered a “bolstered public security portfolio, membership in the security cabinet, and possibly the ministry of strategic affairs, control over the Israel Broadcast Authority, and membership in an inner security cabinet that will be created later”, according to a report in the Jerusalem Post.
Erdan had accused Bezeq of being a “powerful monopoly” that had taken “every possible step to mire and delay implementation of a reform” aimed at lowering costs to consumers.
Bezeq has a market cap of NIS18.47bn (US$4.75bn).
