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Broadband

Cellcom, IIF agree to buy 70% of IBC for ILS 103.5 mln, to invest up to ILS 200 mln more over 3 years

Wednesday 13 March 2019 | 11:29 CET | News
Cellcom Israel said it has signed an agreement with Israel Infrastructure Fund (IIF) to purchase 70 percent of Israel Broadband Company (IBC) through equal co-investment of ILS 103.5 million. The owner of the other 30 percent is Israeli Electric Company (IEC). The consideration will be used to settle IBC's debts, other than a certain amount to IEC.

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Categories: Fixed
Companies: Cellcom Israel / IEC
Countries: Israel
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