US private equity group linked with bid for Bezeq shareholder B Communications

11 Jun 2018

B Communications, which owns a significant stake in Israel’s largest telecoms company Bezeq (Israel Telecommunications Corporation), is said to be the target of multiple local and international groups, including US private equity fund Blackstone Group. The news portal HAARETZ reports that a number of groups are lining up to acquire either part or all of B Communications, a situation it says has been confirmed by its controlling shareholder, Internet Gold. In a brief statement to the Tel Aviv Stock Exchange, Internet Gold said the offers were either to buy its entire 65% stake in B Communications or to buy part of the stake and become a strategic partner with it in control of Bezeq. B Communications has a 26.30% stake in the telco, while the remainder is floated on the Tel Aviv Stock Exchange.

Israel, Bezeq (Israel Telecommunication Corporation)