JERUSALEM, (Reuters) - Bezeq Israel Telecom (BEZQ.TA) said on Sunday it would merge with satellite TV unit YES.Bezeq, Israel's largest phone and telecoms company, said it will raise its stake in YES to 58 percent from 49.8 percent after agreeing to a number of conditions set by Israel's antitrust court.
Final approval is dependent on Israel's Supreme Court, which is due to hear an appeal filed to stop the merger. The hearing will be scheduled for June or July.
Israel's antitrust commissioner had objected to the move on the grounds it would be anti-competitive since Bezeq was building a next-generation network capable of transmitting Internet Protocol TV (IPTV), prompting Bezeq to take legal action.
Bezeq has long sought to have control of YES to more easily offer a triple-play package of TV, phone and Internet and compete with cable operator HOT (HOT.TA), which already offers a triple-play option.
In addition to Bezeq, Eurocom owns 30 percent of YES and is opposed to the merger. Three other companies own the rest. (Reporting by Steven Scheer; Editing by Hans Peters
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