| Business Summary | | Matav-Cable
Systems
Media
Ltd.
is
an
operator
and
provider
of
broadband
cable
television
(CATV)
services
in
Israel.
The
Company
operates
in
exclusive
franchise
areas
that
cover
approximately
25%
of
Israel's
households.
As
of
December
31,
1999,
the
Company
provided
CATV
services
to
approximately
25%
of
all
CATV
subscribers
in
Israel.
The
Company
owns
substantially
its
entire
CATV
network
infrastructure.
The
Company's
exclusive
licenses
cover
four
operating
areas,
three
of
which
include
major
metropolitan
areas
and
one
of
which
serves
less
densely
populated
rural
areas.
The
Company's
subscriber
penetration
is
the
highest
in
its
metropolitan
operating
areas.
Matav
offers
CATV
subscribers
a
single
tier
of
extended
basic
service.
Subscribers
are
offered
access
to
a
variety
of
Hebrew
language
programming
(including
original,
subtitled
and
dubbed),
a
home
shopping
channel,
off-air
channels
originating
in
Israel
and
selected
neighboring
countries
and
satellite
television
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Matav-Cable
Systems
Media
Ltd.
is
an
operator
and
provider
of
broadband
cable
television
services
in
Israel.
The
Company
operates
in
exclusive
franchise
areas
and
has
301,000
subscribers
(as
of
3/01).
For
the
three
months
ended
3/31/01,
revenues
fell
1%
to
NIS113.8
million.
Net
loss
totaled
NIS67.8
million,
up
from
NIS22.9
million.
Results
reflect
increased
competition
in
the
market,
lower
margins
and
increased
losses
from
associated
companies. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
113,525;
after
tax
earnings
were
-40,060. (Preliminary; reported in thousands of Shekel.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Shmuel Dankur, 69 | Chairman | Shalom Bronstein, 50 | CFO | Eldad Ben-Moshe, 36 | Exec.
VP | Itzhak Abramitzky, 52 | VP
and CATV CIO | Doron Admati, 40 | VP
CATV Marketing and Programming |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|