Matav Cable Systems to Offer Pay Per View Services in Israel.NETANYA, Israel--(BUSINESS WIRE)--Jan. 19, 1999-- -- The Cable Companies Will Negotiate Tiering With The MOC MOC See Market on Close. -- Matav-Cable Systems Media Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MATVY) announced today that the Israeli Supreme Court today heard the Company's petition against the Ministry of Communications ("MOC") and the Council for Cable TV and Satellite Broadcasting ("the Council") regarding the Company's request for a permit to offer Pay-Per-View ("PPV Positive predictive value (PPV) The probability that a person with a positive test result has, or will get, the disease. Mentioned in: Genetic Testing PPV porcine parvovirus. PPV Positive-pressure ventilation ") services to its subscribers. The court decided that the Company will receive the permit within a week. The Company announced that no additional charge will be collected for a substitutional sub·sti·tu·tion n. 1. a. The act or an instance of substituting. b. The state of being substituted. 2. One that is substituted; a replacement. decoder A hardware device or software that converts coded data back into its original form. See decode and MPEG decoder. which will enable reception of the service from subscribers who already have a decoder and are interested in receiving the PPV service. The permit will be granted subject to a number of conditions, including: -- The PPV services will be provided by an independent producer. -- If the Company decreases the number of channels it distributes to its subscribers, it will reduce the subscriber fee. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Supreme Court's decision, the Company will negotiate with the MOC regarding some of the conditions and their implementation, without derogating from any of its rights. The Supreme Court also heard another petition, filed jointly by the Company and another Cable Television company against the MOC and the Council, which requested a permit to offer separately priced subscriber service packages (basic service and premium service - "tiering"). The Court determined that the Cable TV companies and the MOC will negotiate tiering services according to a principle of equality between the Cable TV companies and the satellite operators. The parties must report the results of the negotiation to the Court within one month. Based on such results, the Court will determine the continuation of the proceedings. Matav is a leading operator and provider of broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). 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. The Company provides CATV services to about 25% of all CATV subscribers in Israel. The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections, or future performance of the Company, the occurrence of which involve certain risks and uncertainties, including risk of market acceptance, the effect of economic conditions, possible regulatory changes, and/or technological developments, and the impact of competitive pricing, as well as certain other risks and uncertainties which are detailed in the Company's filings with the Security and Exchange Commission. |
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