Internet Gold Announces That Its 012 Smile.Communications Ltd. Subsidiary Has Completed the Sale of Its Telecom Bus. Assets t...
01 Février 2010 - 8:04AM
Business Wire
Internet Gold - Golden Lines Ltd. (NASDAQ:IGLD), announced that
its 75.3% owned subsidiary, 012 Smile.Communications Ltd. (Nasdaq:
SMLC) has completed the sale of its telecom business assets to a
wholly-owned subsidiary of Ampal-American Israel Corporation
(Nasdaq:AMPL) for NIS 1.2 billion (approximately $322 million).
Mr. Eli Holtzman has been appointed as 012 Smile.Communications
new Chief Executive Officer and Mr. Doron Turgeman as its Chief
Financial Officer, effective immediately. Messrs. Holtzman and
Turgeman will fill these positions in parallel with their roles as
CEO and CFO of Internet Gold.
About Internet
Gold
In October 2009, Internet Gold announced that it's approximately
75.3% owned subsidiary 012 Smile.Communications (Nasdaq:SMLC) has
signed a definitive agreement to purchase the controlling interest
(approximately 30.6%) in Bezeq, The Israel Telecommunication Corp.,
Israel’s largest telecommunications provider (TASE:BZEQ).
For further information, please visit our website:
http://www.Igld.com.
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to risks associated with the pending
acquisition by 012 Smile.Communications of the controlling interest
in Bezeq, The Israel Telecommunication Corp. and other risks
detailed from time to time in Internet Gold’s filings with the
Securities Exchange Commission. These documents contain and
identify other important factors that could cause actual results to
differ materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
012 Smile.Communications Ltd. (MM) (NASDAQ:SMLC)
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