MATAV Announces Potential NonStop Merger

Apr 18, 2001, 01:00 ET from Matav Cable Systems Media Ltd.

    NETANYA, Israel, April 18 /PRNewswire/ --
 Matav Cable Systems Media Ltd. (Nasdaq: MATV), a leading Israeli provider of
 broadband cable TV services, announced today that it is in the preliminary
 stage of examining the possibility of merging the ISP activity of its fully
 owned subsidiary, NonStop Internet 1999 Ltd., with Netvision Ltd., another
 Israeli ISP provider.
     The terms of the deal have not yet been determined. If a deal is
 consummated, Matav would acquire 50% of the shares of Netvision from Elron
 Electronic Industries Ltd. and Netvision would acquire all of the shares of
 NonStop. Consequently, Tevel Israel International Communications Ltd., which
 currently holds 50% of Netvision's shares, and Matav would jointly hold the
 merged corporation, in equal parts. There is no certainty that the transaction
 will actually take place and Matav is exploring other alternatives for the
 merger of NonStop's ISP activity.
     Matav is one of Israel's three cable television providers, serving roughly
 25 percent of the population. Matav's investments include 15 percent of
 Partner Communications Ltd., a GSM mobile phone company, 10 percent of Barak
 Ltd., Israel's second-largest provider of international long distance and
 Internet telephony, and 100 percent of NonStop, a new company preparing to
 offer broadband Internet services.
 
     (This press release contains forward-looking statements with respect to
 the Company's business, financial condition and results of operations. These
 forward-looking statements are based on the current expectations of the
 management of Matav Cable only, and are subject to risk and uncertainties,
 including but not limited to changes in technology and market requirements,
 decline in demand for the company's products, inability to timely develop and
 introduce new technologies, products and applications, loss of market share
 and pressure on pricing resulting from competition, which could cause the
 actual results or performance of the Company to differ materially from those
 contemplated in such forward-looking statements. The Company undertakes no
 obligation to publicly release any revisions to these forward-looking
 statements to reflect events or circumstances after the date hereof or to
 reflect the occurrence of unanticipated events. For a more detailed
 description of the risk and uncertainties affecting the company, reference is
 made to the Company's reports filed from time to time with the Securities and
 Exchange Commission.)
 
 

SOURCE Matav Cable Systems Media Ltd.
    NETANYA, Israel, April 18 /PRNewswire/ --
 Matav Cable Systems Media Ltd. (Nasdaq: MATV), a leading Israeli provider of
 broadband cable TV services, announced today that it is in the preliminary
 stage of examining the possibility of merging the ISP activity of its fully
 owned subsidiary, NonStop Internet 1999 Ltd., with Netvision Ltd., another
 Israeli ISP provider.
     The terms of the deal have not yet been determined. If a deal is
 consummated, Matav would acquire 50% of the shares of Netvision from Elron
 Electronic Industries Ltd. and Netvision would acquire all of the shares of
 NonStop. Consequently, Tevel Israel International Communications Ltd., which
 currently holds 50% of Netvision's shares, and Matav would jointly hold the
 merged corporation, in equal parts. There is no certainty that the transaction
 will actually take place and Matav is exploring other alternatives for the
 merger of NonStop's ISP activity.
     Matav is one of Israel's three cable television providers, serving roughly
 25 percent of the population. Matav's investments include 15 percent of
 Partner Communications Ltd., a GSM mobile phone company, 10 percent of Barak
 Ltd., Israel's second-largest provider of international long distance and
 Internet telephony, and 100 percent of NonStop, a new company preparing to
 offer broadband Internet services.
 
     (This press release contains forward-looking statements with respect to
 the Company's business, financial condition and results of operations. These
 forward-looking statements are based on the current expectations of the
 management of Matav Cable only, and are subject to risk and uncertainties,
 including but not limited to changes in technology and market requirements,
 decline in demand for the company's products, inability to timely develop and
 introduce new technologies, products and applications, loss of market share
 and pressure on pricing resulting from competition, which could cause the
 actual results or performance of the Company to differ materially from those
 contemplated in such forward-looking statements. The Company undertakes no
 obligation to publicly release any revisions to these forward-looking
 statements to reflect events or circumstances after the date hereof or to
 reflect the occurrence of unanticipated events. For a more detailed
 description of the risk and uncertainties affecting the company, reference is
 made to the Company's reports filed from time to time with the Securities and
 Exchange Commission.)
 
 SOURCE  Matav Cable Systems Media Ltd.