Matav Cable Systems (Nasdaq:MATV) is raising prices by 6%. The basic package of channels will cost NIS 165 a month, instead of NIS 156.
The hike is Matav's second within half a year, from NIS 149 a month.
However, Matav is slated to merge with Israel's other two cable TV companies, Golden Channels and Tevel. One of the terms for their merger is that the basic package will cost no more than NIS 156 a month.
The cost of fast Internet over cable is also rising. For an 0.75 megabyte package, users will be paying NIS 160 a month instead of NIS 139.