|Bid||590.80 x 22400|
|Ask||592.10 x 47500|
|Day's Range||586.30 - 600.00|
|52 Week Range||586.30 - 4,400.00|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
U.S. private investment firm Searchlight Capital Partners has offered up to 485 million shekels ($133.3 million) for a controlling stake in the parent of Bezeq Israel Telecom, according to a regulatory filing. Internet Gold has been searching for a buyer for its majority stake in B Communications since mid-2018 under pressure from bondholders. BCom's single asset is a 26.34 percent controlling stake in Bezeq, Israel's largest telecoms group.
Workers at Bezeq Israel Telecom have called a strike starting on Feb. 5 over plans by the parent company to divest its controlling stake, the country's largest telecoms company said on Wednesday. Employees are demanding to be represented during talks to sell the company in order to be able to sign an agreement that protects workers' rights, Bezeq said in a regulatory filing in Tel Aviv. Workers are also opposed to allowing contract employees to operate Bezeq's switching equipment and carry out activities that have until now been performed by staff.
Internet Gold-Golden Lines's latest attempt to sell its holdings in the parent company of Bezeq Israel Telecom has failed. It received no binding offers for its holdings in B Communications, which controls Bezeq, Israel's largest telecoms group, in an auction that ended on Tuesday, it said in a U.S. regulatory filing. Internet Gold is controlled by indebted Israeli holding company Eurocom and has been searching for a buyer for its BCom stake since mid-2018 under heavy pressure from bondholders.
Internet Gold said on Wednesday it did not receive in an auction any binding offers to purchase its holdings in B Communications, the parent to Bezeq Israel Telecom. "The company's board continues to explore the possibility of selling its Bcom shares, continues with discussions with the potential bidders, and continues to explore possibilities for strengthening the company's capital structure," Internet Gold said in a U.S. regulatory filing.
On a per-share basis, the Ramat Gan, Israel-based company said it had net income of 29 cents. The Israeli telecommunications holding company posted revenue of $630 million in the period. B Communications ...
The Ramat Gan, Israel-based company said it had a loss of $2.89 per share. Losses, adjusted for asset impairment costs, were 47 cents per share. The Israeli telecommunications holding company posted revenue ...
A number of foreign private equity funds such as Highland Capital and Searchlight Capital are interested in buying a controlling share in Bezeq Israel Telecom (BEZQ.TA), the Globes financial news website said on Wednesday. Globes said that despite pressure by bondholders of Internet Gold-Golden Lines (IGLD.O) to sell the controlling stake in Bezeq to private local buyer the Neuman family, Internet Gold's board is going ahead with a regular sale process. To that end, it said, the company has appointed Deutsche Bank (DBKGn.DE) to lead the sale of the controlling interest in Israel's largest telecoms group.
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