Yes board awaits banks decision to approve 2002 work plan - TheStreet

Yes board awaits banks decision to approve 2002 work plan

Banks concerned with company's financial performance
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Yes satellite TV's work plan for 2002 has not yet been approved by the company's board, as it is still being inspected by the banks. According to sources close to the company, the inspection will last about one more month, Ma'ariv reported this morning.

The banks are considering continued financing of the project, and asked to clarify several matters about a month ago. The banks fear the company is failing to meet the conditions of the financing agreement due to the price war with the cable companies.