The Supreme Court in Israel has rejected the planned merger of telco Bezeq with DTH satellite platform Yes. Bezeq intended to increase its stake in Yes to 58% from the present 49.8%. However, the Supreme Court accepted petitions from the anti-trust authority and Yes minority shareholder Eurocom Group who wanted to stop the merger as anticompetitive.
The ruling leaves the door open to a potential counterbid from Eurocom, which currently holds 30% of Yes. Beseq had said it wouldn't expand its IPTV network if the Yes bid were allowed to proceed, the DTH operation could have formed part of a Bezeq triple play offer that would have been able to compete with the offer already in place from cable operator HOT.