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Bethel Finance news:
Tamares Telecom Ltd. is laying a third undersea cable between Israel and Cyprus. Despite doubts about its intentions, it is laying the cable at an investment of tens of millions of shekels.
Even as the company expects the Ministry of Communications to grant it various protections, the fact is that another undersea cable will link Israel with the world, which should greatly increase competition and the telecommunications market.
Now that Israel will have three undersea cables, the most important question needs to be asked: will prices for international connections go down, and how much will consumer internet prices fall? If the profits mostly stay with the communications companies, we will have done nothing.
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