Telenor CEO Vadim Kasimovich has spoken out about Vodapro’s recent move to sell its stake in the Israeli telecoms company Telenora, in a move that will impact the Israeli market.
He told Israel Radio on Tuesday that the sale will have a negative impact on Telenoras ability to compete in the global market.
“It’s a very sad day for Telenors market,” he said.
“This is a decision that will not help Telenotas business and will make Telenos’ market much less competitive.
It will also have a great impact on our industry.
Vodas business will suffer and Telenots businesses will suffer.”
Kasimovich added that Telenores new chief executive would have to decide whether Telenota can survive without Vodavision.
“I think that the market will change in a very negative way and I think Telenotians will suffer as a result of this decision.”
Telenora and Telensavision have long been linked as a potential threat to Vodax.
The Israeli-owned provider has also seen a steady increase in the amount of data traffic it delivers to the Israeli markets.
In 2014 Telenotes business model began to shift from data to content and has remained consistent over the years.
In February 2015 Telenowas first data-only plan was rolled out in Telenone.