Israeli regulator approves Searchlight taking control of Bezeq Tel [Reuters]
B COMMUNICATIONS (BCOM)
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Source: Reuters
Israeli regulator approves Searchlight taking control of Bezeq Tel - Reuters 2 Min Read JERUSALEM, Nov 11 (Reuters) - Israel’s Communications Minister has approved the sale of a controlling share in the country’s largest telecom group, Bezeq, to the foreign private investor group Searchlight Capital Partners, Bezeq’s parent company said on Monday. Searchlight, which has offices in New York, London and Toronto, has offered to inject 640 million shekels ($183 million) into B Communications to take over its 26.34% controlling stake in Bezeq. BCom said the communications minister earlier in the day signed the new control permit for Searchlight to take over Bezeq. “This is the most important milestone for the completion of the transaction,” said BCom CEO Ami Barlev, according to a regulatory filing in the U.S. and Tel Aviv. Bezeq has undergone a reorganisation over the past year following a securities investigation into its management and owners that forced out its former chairman and chie
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