Bezeq to launch fiber optic project in two weeks
The Israeli telecom company will invest billions of shekels in the project, which will greatly improve broadband internet speeds.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) announced today that it is officially launching its fiber optic project on March 14. At the launch event, it will reveal all the details about packages and speeds. Globes reported exclusively yesterday that Bezeq has already contacted Internet Service Providers (ISPs) and asked what they would be charging for packages and that the Ministry of Communications was preventing Bezeq from supplying broadband internet infrastructure and ISP access as one product but only as reverse bundles through ISPs. Bezeq has despaired of overcoming this separation.
Generation Capital mulls investing in Partner fiber-optics
Partner seeks an investor to take a 20% stake in its fiber-optic venture, with a view to a spin-off and flotation.
Generation Capital is one of the candidates for investment in Partner Communications Ltd. s (Nasdaq: PTNR; TASE: PTNR)) fiber-optic project. Partner is in the midst of a tender the aim of which is to bring a partner into the project, in order to expedite the rollout of its fiber-optic network. Partner has stated that it seeks a partner to take a 20% stake in the venture.
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The idea is to spin-off the activity and to leverage it through the introduction of a partner, with a view to a future flotation. The tender is therefore of interest to financial institutions, among other bodies. Partner s board of directors has entrusted the management of the tender to Discount Underwriting, which is seeking potential investors.
Cellcom Israel Announces Israeli Minister of Communications Approval for Hot Group to Join IBC
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NETANYA, Israel, Feb. 8, 2021 /PRNewswire/ Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the Company ) announced today that following its previous announcement regarding an investment transaction between the Company, the Israel Infrastructure Fund and Hot Telecommunication Systems Ltd. in IBC Israel Broadband (2013) Ltd., or IBC, the Israeli Minister of Communications, or MOC, granted its approval for the transaction, which completes the regulatory approvals and changes required for the completion of the transaction. The MOC s approval includes certain amendments to IBC s license, including an obligation to reach 1.7 million households within 5 years, substantially in line with the investment agreement, and an obligation to provide a shelf proposal to any operator interested in purchasing its services. The completion o
Cellcom Israel Announces Israeli Competition Commissioner Approval for Hot Group to Join IBC
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NETANYA, Israel, Jan. 20, 2021 /PRNewswire/ Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the Company ) announced today that following its previous announcement regarding an investment transaction between the Company, the Israel Infrastructure Fund and Hot Telecommunication Systems Ltd. in IBC Israel Broadband (2013) Ltd., the Israeli Competition Commissioner granted its approval for the transaction. The completion of the transaction is subject to certain conditions, including the approval of the Israeli Ministry of Communications, or MOC, and regulatory changes, which are yet to be met. The Company cannot guarantee such changes will be made and approval will be granted.