Searchlight in deal to buy control of Israel's Bezeq -media

B Communications

20/06/2019 14:33

JERUSALEM, June 20 (Reuters) - U.S. private investment firm
Searchlight Capital has reached an agreement to acquire the
controlling shareholder of Israel's largest telecom group, Bezeq
 BEZQ.TA , Israeli media reported on Thursday.
    Leading financial news websites Calcalist and Globes
reported that a deal to purchase B Communications  BCOM.TA ,
which had been in the works for months, was being signed after
certain bondholders lifted their objections.  urn:newsml:reuters.com:*:nL5N22R491
    BCom’s single asset is a 26.34 percent controlling stake in
Bezeq.
    Bezeq officials were not immediately available for comment.
    Bezeq shares were up 6.5% in late trading in Tel Aviv. BCom
shares were up almost 15% as well.

 (Reporting by Ari Rabinovitch; Editing by Tova Cohen)
 ((ari.rabinovitch@thomsonreuters.com;  +972-2-632-2202; Reuters
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))