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Cable TV merger to be signed this week.
(From Israel Business Arena)
Byline: Efi Landau
The merger agreement between the cable television companies is expected to be signed this week. The sides have reached agreement on all matters that were in dispute. Sources inform "Globes" that the last procedure that needs to be completed is a request from Tevel trustee Zvi Yochman to the Tel Aviv District Court to permit Tevel to sign the agreement.
At the same time, negotiations continue over the financing agreement for the merged cable television company, chiefly between the financing banks themselves.
Once the merger agreement is signed, Matav and Golden Channels will be able to convene a creditors meeting to approve it. Meir Srebernik, CEO of Dankner Investments, which controls Matav, told "Globes" that on December 31, 2001, the court approved ...
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