The Antitrust Authority writes that competition from a digital bank is both uncertain and a long way into the future.
The agreement, which gives Tzahi and Chen Neuman an edge in the bidding for Bezeq, covers Bezeq, Bezeq International and Pelephone, but not Yes.
Investment house Altshuler Shaham has an 11% stake in Internet Gold, which controls Bezeq through B Communications.
This is the Israeli website navigation company's third acquisition.
The fund invests in a variety of sectors, including communications and media.