Court denies challenge to international phone service tender; Dolphin Group challenge to Barak Group denied.NETANYA, Israel--(BUSINESS WIRE)--Jan. 6, 1997--MATAV-CABLE SYSTEMS MEDIA LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (NASDAQ/NM Symbol: MATVY) announced that the Tel Aviv District The Tel Aviv District is one of six administrative districts of Israel with a population of 1,204,000 residents. It is 99.0% Jewish and 1.0% Arab (0.7% Muslim, 0.3% Christian). The district capital is Tel Aviv. Court has denied the motion submitted by the rival "Dolphin dolphin, fish dolphin, large, swift game fish, Coryphaena hipparus, also called dorado. It is of nearly worldwide distribution in warm waters. " group challenging the election of the Barak Group (of which MATAV MATAV Magyar Tavkozlesi Vallalat (telephone company; Hungary) is part) by the Israeli Ministry of Communications as the second licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of international telephone service in Israel. The decision clears the way for the Barak Group to begin preparation implementing its proposed international telephone service, which was originally notified of the award on November 7, 1996. The Barak Group consists of MATAV Cable Systems Media (10%), Clalcom (44%), a subsidiary of Clal Industries, Sprint (25%), Deutsche Telecom (10.5%), and France Telecom (10.5%). Commenting on the news, Robert Avi-Tal, President and Chief Executive Officer of MATAV said, "With this challenge behind us, we are ready to begin implementing this new international telephone service. Although the Dolphin Group can still appeal the District Court's decision, we feel we are ready to begin the necessary preparations." MATAV is a leading operator and provider of broadband Cable TV services in Israel. As one of five CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. operators in Israel, the Company operates in exclusive franchise areas which cover approximately 25% of Israel's households, with a penetration rate of 69.5%. The Company is also involved in projects in other geographical regions including Poland and Spain. CONTACT: Jody Burfening Lippert/Heilshorn & Associates, Inc 212-838-3777 (ext 106) Jody Burfening <jody@lhai.com> or Company Contact: Alma Weich MATAV-Cable Systems Media 972-9-602-266 fax: 972-9-602-286 mobile: 972-52-566-090 |
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