Friday, June 30, 2006

Israel's MATV Cable TV now "Hot"

Tel Aviv. There will be just the one Cable TV operator in Israel from now on.

Matav-Cable Systems Media Ltd. (NASDAQ: MATV & TASE: MATV) says that shareholders approved the Company's proposed acquisition (sometimes referred to as the merger among the Israeli cable operators) of the two other Israeli cable operators.

Matav prior to the takeover held a 25 per share of the cable TV market in Israel.

MATAV will change its name also to HOT - Cable Systems Media Ltd.

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