UPDATE 1-Israel's Bezeq Telecom controlling shareholder loses board control [Reuters]
B COMMUNICATIONS (BCOM)
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Source: Reuters
UPDATE 1-Israel's Bezeq Telecom controlling shareholder loses board control | Reuters Reuters Staff 3 Min Read (Adds details, shareholder comment, share reaction) By Steven Scheer JERUSALEM, April 29 (Reuters) - Shareholders in Bezeq Israel Telecom voted for a new board of directors that removed the controlling shareholder’s majority and paved the way for an overhaul of Israel’s largest telecoms group. Shareholders voted to increase the board to 13 directors from nine, but just five are considered tied to controlling shareholder B Communications. Five are external directors, three of whom were previously elected, and another two have no connection to B Communications. One other represents Bezeq’s workers, Bezeq said. Typically in Israel, the controlling shareholder controls the board. The new board will convene on Monday and is widely expected to name Shlomo Rodav as chairman. Rodav served as chairman of Bezeq from 2007 to 2010. Interest in Bezeq’s annual meeting has been building sin
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