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News Breaks
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October 25, 2009
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| 14:02 EDT |  | SMLC |
| theflyonthewall.com: | 012 Smile.Com gets controlling interest in Bezeq The Israel Telecommunication | | 012 Smile.Communications announced that it 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.Stella Handler, Chief Executive Officer of 012 Smile, said: "This transaction is in line with our strategy to become, through selective investments, the leading integrated player in Israel's telecom marketplace. Given its unique competitive positioning and strong cash flow generation, Bezeq represents an attractive investment for 012 Smile." :theflyonthewall.com |
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