Bezeq privatization policy amended: Foreign gov't corporations can bid for telco - TheStreet

As TheMarker reported yesterday, it was decided to add an amendment to the Bezeq privatization policy to allow foreign government corporations to take part.

The amendment was a Communication Ministry initiative following requests from several groups interested in buying the phone company. Any foreign government cooperative can now become a Bezeq shareholder after Communications Minister approval, which will be granted in consultation with the Prime Minister and the Minister of Defense.

TheMarker reported yesterday that the tender entry conditions might be eased, allowing foreign government corporations to invest, and publishing in advance the tariff policy to which Bezeq will be obligated. The bidding deadline is February 13.

The recent amendment initiated by Communication Minister Reuven Rivlin and accepted by the privatization committee was that an international concern would not have to be associated to any Israeli group with a 20% stake in Bezeq in the initial stages of its investment.