AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February 2006
Cable Systems Media Ltd.
(Translation of registrants name into English)
42 Pinkas Street
North Industrial Park
P.O. Box 13600
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
15 February 2006
|Matav- Cable Systems Media Ltd.
BY: /S/ Meir Srebernik
Chief Executive Officer
Print the name and title of the signing officer under his signature
FOR IMMEDIATE RELEASE
Court dismisses a Motion for Class Action Against Matav
NETANYA, Israel, February 16, 2006 Matav- Cable Systems Media Ltd. (Nasdaq: MATV News), 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 Israels three cable television providers, serving roughly 25 percent of the population. Matavs 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 Companys 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 companys 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 todiffer 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 Companys reports filed from time to time with the Securities and Exchange Commission.)
Ori Gur-Arieh, Counsel
Matav Cable Systems
Ayelet Shaked Shiloni
Telephone US: +1-866-447-8633 / Israel: +972-3-635-6790