"It's impossible to blame the regulator for companies withdrawing huge sums in dividends instead of investing in infrastructures. First see to the good of customers, and then to the good of shareholders," said Dov Moran at the "Globes" Media Advertising and Digital (MAD) Conference in Tel Aviv today, in answer to a question about regulation in Israel, and as a rebuke to Bezeq. Moran is the founder and CEO of smart TV developer Comigo Ltd., and was the founder and chairman of msystems, which invented the disk-on-key.
Moran added, "All television content will ultimately come with an app - "A Star is Born", sports, and so on. It will be a completely different world from what we have now. The revolution is coming and I believe that Comigo will be there."
"Smart television prices are still high, but I believe that the difference will narrow soon and prices will fall to very close to the prices for regular televisions. Eventually there will be Internet television (IPTV). It should happen, even if it means the end of HOT Telecommunication Systems Ltd. (TASE: HOT) and DBS Satellite Services (1998) Ltd. (YES)."
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ), the owner of satellite broadcaster YES, said in response, "Over the past three years, Bezeq has invested NIS 3.5 billion in infrastructures and advanced capabilities. It has made Israel the first countries in the world to complete a nationwide next-generation network (NGN) project. We therefore do not believe that Moran's remarks were directed at Bezeq."
Published by Globes [online], Israel business news - www.globes-online.com - on July 11, 2012
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