MATV Matav-Cable Systems Media Ltd. ADS (MM)

NETANYA, Israel, February 15 /PRNewswire-FirstCall/ -- Matav- Cable Systems Media Ltd. (NASDAQ:MATV), a leading Israeli provider of digital cable television services, today announced that the Tel-Aviv-Jaffa District Court denied a motion to recognize a class action against Matav which was filled on April 22, 1999. The previously reported motion alleged, inter alia, that Matav constitutes a monopoly and that it adversely exploited its position in the market, in a manner which is, or may be, damaging to the general public by setting and collecting an unreasonable and unfair fee for its services. As detailed above the District Court denied the motion on February 16, 2006. Matav is one of Israel's three cable television providers, serving roughly 25 percent of the population. Matav's current investments include 1.2 percent of Partner Communications Ltd., a GSM mobile phone company and 10 percent of Barak I.T.C. (1995) Ltd., one of the three international telephony providers in Israel. (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.) Contacts: Ori Gur-Arieh, Counsel Matav Cable Systems Telephone: +972-7-770-77030 Ayelet Shaked Shiloni Integrated IR Telephone US: +1-866-447-8633 / Israel: +972-3-635-6790 E-Mail: DATASOURCE: Matav - Cable Systems Media Ltd. CONTACT: Contacts: Ori Gur-Arieh, Counsel, Matav Cable Systems, Telephone: +972-7-770-77030; Ayelet Shaked Shiloni, Integrated IR, Telephone US: +1-866-447-8633 / Israel: +972-3-635-6790, E-Mail:

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