tender that was completed yesterday evening.

The tender for fourth generation (4G) mobile telephony frequencies ended last night, after Bezeq Israeli Telecommunication Co. Ltd.(TASE: BEZQ) unit Pelephone Communications Ltd. decided to buy only three frequency bands instead of the four it had planned.

The price is NIS 35 million for a five megahertz frequency band. This means that Pelephone will pay about NIS 100 million for the frequencies, and all the bidders in the tender will buy one frequency band. Hezi Bezalel, owner of 018 Xfone, bought a frequency band and will be the sixth player in Israel’s mobile telephony market. He will negotiate with one of the veteran carriers to set up a joint network with it. It is believed that the carrier in question will be Pelephone. A condition of the tender is that in order to set up a joint network, each operator must have at least one frequency band.