The Minister responsible for Bezeq told “Bloomberg”

that he backs Bezeq to complete Israel’s fiber-optic

network even if it compromises telco competition.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) has been boosted by the backing of Minister of Regional Cooperation Tzachi Hanegbi to complete Israel’s national fiber-optic network, even at the expense of undermining government plans to make the telco market more competitive.

Hanegbi told “Bloomberg,” “If we don’t move ahead with a national fiber-optic infrastructure, Israel’s internet will get stuck in another two or three years. Without the advanced network, we’re in danger of going from Start-Up Nation to Stuck-Up Nation.”