Sharon vetoes France Telecom role in Israeli sale

20th April 2005, Comments 0 comments

JERUSALEM, April 19 (AFP) - Prime Minister Ariel Sharon has vetoed any role for France Telecom in the Israeli government's partial sale of state telecom company Bezeq, an economic daily reported Tuesday.

JERUSALEM, April 19 (AFP) - Prime Minister Ariel Sharon has vetoed any role for France Telecom in the Israeli government's partial sale of state telecom company Bezeq, an economic daily reported Tuesday.

The Marker said he was acting on advice from the intelligence agency Shin Beth which opposed any France Telecom role because of its participation in Arab telecom projects in countries such as Algeria, Egypt and Jordan.

The French state-controlled company planned to ally itself with Israeli partners in a consortium bidding for the partial privatisation of Bezeq, of which 30 percent is up for sale with an option for another 10 percent.

The regulations of the tender process ruled out foreign state-owned companies, but Communications Minister Dalia Itzik said the ban could be waived for a share of up to five percent of the capital.

The result of the tender is due to be announced in early May.

© AFP

Subject: French News

0 Comments To This Article