|Bid||8,006.00 x 65500|
|Ask||8,190.00 x 124000|
|Day's Range||8,206.00 - 8,206.00|
|52 Week Range||7,616.00 - 104,900.00|
|Beta (3Y Monthly)||N/A|
|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.
Searchlight Capital Partners LP bid 387 million shekels ($105 million) to buy Internet Gold’s controlling stake in B Communications Ltd., the largest shareholder in Bezeq Israeli Telecommunications Ltd., according to a Tel Aviv Stock Exchange filing Thursday. B Com was put up for sale as a means to settle the debts of financially troubled Eurocom Group, which took on massive loans to finance its takeover of Bezeq. Internet Gold, a Eurocom unit, is struggling to pay back about 600 million shekels of net debt.
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.
The Ramat Gan, Israel-based company said it had profit of 9 cents per share. The fixed line and cellphone company posted revenue of $634 million in the period. The company's shares closed at $2.85. A year ...