Bezeq PBXs – Bezeq prices – government capital ratios

According to the Gronau Committee from 2008, it was decided to reduce Bezeq tariffs.
Although only 8 and a half years have passed, there is progress … In June 2016, the Ministry of Communications announced that “the tariffs have not been updated due to the prohibition imposed by the ombudsman to sign due to the examination of the conflict of interest. The update will be signed with the appointment of a minister for the field. “

Prohibition imposed by the ombudsman? It is funny that in a reformed state (this is how we “want” to think), the attorney general prohibits the Minister of Communications from engaging in the largest communications company in the State of Israel.

Okay, so there is a ban on the Minister of Communications and the Prime Minister dealing with everything related to Bezeq, which is almost everything from all the media in Israel, but hey, do not worry, a serious minister will be appointed to be the Minister of Communications.
Well, then he did not appoint a serious communications minister, but appointed a minister (without a portfolio, whatever) who would be responsible only for the area in which the communications minister and the prime minister were forbidden to engage, and that is Tzachi Hanegbi.

So we were appointed a flawless professional minister who will deal with Bezeq and we must admit, he is a minister with “eggs”.
Why? Whatever he decides will be shaky.
If he implements decisions that benefit the people of Zion and oppose his bosses, who are Prime Minister Bibi and Acting Minister of Communications Elowitz, he will be abducted.
If he implements decisions that benefit the bosses – he will snatch from the public.

Then he will be abducted … It is probably better to abduct from the public because the public in Israel forgets quickly, likes to complain, this is a non-sucker public … this is the most sucker public in the world. We need committees on the right and left for every smallest “benefit” for the public, because there are no benefits without committees that last for years, and in practice every committee needs another committee.

In August 2016 we have already been informed (from Globes) –

Netanyahu’s long arm: Hanegbi demands that the “Bezeq clause” be removed from the Arrangements Law
Although the ombudsman forbade Netanyahu to deal with matters related to Shaul Elowitz, his associate Tzachi Hanegbi appointed the minister responsible for Bezeq to thwart a reform designed to increase competition in the communications market. The Ministry of Communications also threatens: The media that appear in its framework “

In September 2016, quietly and without notice to the public, we were informed (from Globes)

“Minister Hanegbi has decided not to reduce Bezeq tariffs
Bezeq’s revenues were to be eroded by NIS 5.5 million at the annual level. “

Five and a half million shekels, is that a lot?
The company recorded annual revenues of NIS 9.96 billion in 2015 and a net profit of NIS 1.72 billion, so this is not a significant amount for Bezeq, even a very marginal one.
But a company that attracts huge dividends every year Why give up 5.5 million? This is the money that actually repays the loan that Elowitz received to buy Bezeq.

In the future, this relationship will be investigated and government-governed capital relations will be prohibited. Hopefully it will be more in our lifetime.

We all remember what happened to Nochi and Ilan Ben Dov who used irresponsible leverage to buy companies while withdrawing dividends to repay the loan. Any minimal change in the communications market could collapse in a second these tycoons, so it is forbidden !! That such a thing would happen to close friends.
What is needed is to continue to give very limited numbers of people billions in loans to buy huge companies in Israel and around the world. After all, loans in Israel are drawn as a dividend, which is not possible abroad.
Even if they lose (and they lose more than they earn), there are hundreds of billions of shekels in the pension funds that, after a short and quick haircut, spend them only with profits and without losses.

At least in the third and most corrupt countries in Africa, a tyrant comes to power who steals millions, kills him and a new tyrant rises up who does the same thing …. there is a turnover.
In enlightened and democratic Israel this does not happen, there is no substitution.

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