Petrokovski Joins Safra Group as Private Partner in International Calls Tender

Estimates: The price factor in each of the six competitors' offers will have central significance in determination of the successful bid.

General Manager of First International Bank, Shlomo Petrokovski, has invested privately in the Dolphin Group (headed by the owners of Cellcom), which is competing in the tender for the license for international phone calls, and will own 5% of the corporation, if Dolphin's bid is successful. Petrokovski has close ties with the Safra Brothers, the banks' owners, who hold 26% of the corporation. The group did not intend to officially announce Petrokovski's investment, rather an anonymous Israeli investor.

Tomorrow the appointment of General Manager of the Second Television Authority Nachman Shai as the group's director will be announced.

Distinguished sources in the communications industry believe that the price factor in the bids will be the dominant component determining the two successful bids in the tender. Most of them believe that the central reason is the fact that all six of the competing corporations are considered serious and the difference in the bids in other scoring areas will be negligible.

According to the tender's conditions, the committee has been budgeted nine months to make a decision. Senior officials in the Ministry of Communications estimate that the results will be published by the end of April

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