Shaul Elovitch has surmounted another hurdle en route to his acquisition of Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ). The Israel Antitrust Authority yesterday approved his acquisition of a controlling core in Bezeq. Sources inform "Globes" that the decision was today sent to all parties concerned.

Antitrust Authority head Ronit Kan has imposed a number of conditions on Elovitch in order for him to complete the deal. These include the sale of Eurocom Group's holdings in DBS Satellite Services Ltd. (yes) to a third party. If Eurocom fails to make the sale then a trustee will be appointed to do so.

Published by Globes [online], Israel business news - www.globes-online.com - on April 1, 2010

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