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Internet Gold - Golden Lines Ltd. Announces That its 75.3% Owned Subsidiary, 012 Smile.Communications Ltd., Will Acquire a Controlling Interest in Bezeq the Israel Telecommunication Corp., Israel's Largest Telecommunications Provider.

Publication: Telecommunications Weekly
Publication Date: 11-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Internet Gold - Golden Lines Ltd. (Nasdaq Global Market and TASE: IGLD), a leading Israeli communications group, announced that its 75.3% owned subsidiary, 012 Smile.Communications Ltd. has entered into a definitive share purchase agreement under which it will acquire a controlling interest of approximately 30.6% in Bezeq The Israel Telecommunication Corp., Israel's largest telecommunications provider from Ap.Sb.Ar. Holdings Ltd. (the Apax Partners-Saban Capital Group Inc.-Arkin consortium), in a cash transaction currently valued at approximately NIS...

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