In October 2009, 012
Smile.Communications signed a definitive agreement to purchase a controlling
interest (approximately 30.6%) in Bezeq The Israel
Telecommunication Corp., Israel’s largest telecommunications provider (TASE:
BZEQ) (“Bezeq”). As part of the process of attaining required regulatory
approvals for the transaction, in February 2010 012 Smile.Communications
divested its entire existing telecommunications business, selling it to a third
party.
After the closing of the Bezeq transaction, 012 Smile.Communications will become a holding company with a 30.6% share of Bezeq as its sole holding.
012 Smile.Communications (NASDAQ and TASE; SMLC) is a 75.3%-owned subsidiary of Internet Gold (NASDAQ & TASE: IGLD), which itself is a subsidiary of Eurocom Communications, a major Israeli privately held investment group.
012 smile.Communications was formed in 2007 through the merger of two Israeli telecommunications players, creating a company that accounted for a third of Israel’s ISP and international telephony markets.
In October 2009, 012 Smile.Communications signed a definitive agreement to purchase a controlling interest (approximately 30.6%) in Bezeq The Israel Telecommunication Corp., Israel’s largest telecommunications provider (TASE: BZEQ) (“Bezeq”). As part of the process of attaining required regulatory approvals for the transaction, in February 2010 012 Smile.Communications divested its entire existing telecommunications business, selling it to a third party.
After the closing of the Bezeq transaction, 012 Smile.Communications will become a controlling company with a 30.6% share of Bezeq as its sole holding.
For further information about Eurocom – www.eurocom.co.il
For further information about Internet Gold – www.igld.com
For further information about Bezeq – http://ir.bezeq.co.il/