012 Smile.Communications Announces that a wholly owned subsidiary has signed a Financing Agreement of between NIS 300 million...
February 18 2010 - 1:26PM
Business Wire
012 Smile.Communications Ltd. (NASDAQ:SMLC - News), a member of
the Eurocom Group, announced today that a wholly owned subsidiary
has signed a financing agreement with Migdal Insurance &
Financial Holdings Ltd. to facilitate the funding of its previously
announced acquisition of the controlling interest in Bezeq - The
Israel Telecommunication Corp., Israel’s largest telecommunications
provider (TASE:BZEQ). According to the agreement the financing will
be between NIS 300 million and NIS 500 million (approximately $80
million - $133 million).
On February 11 2010, 012 Smile.Communications announced that it
signed (by a wholly owned subsidiary) a NIS 3.9 billion
(approximately $1.04 billion) financing agreement with a consortium
led by Bank Hapoalim BM to facilitate the funding of the
acquisition of the controlling interest in Bezeq.
About 012
Smile.Communications
012 Smile.Communications Ltd. (NASDAQ:SMLC) is a 75.34% - owned
subsidiary of Internet Gold - Golden Lines Ltd. (NASDAQ:IGLD),
which is a subsidiary of Eurocom Communications Ltd.
In October 2009, 012 Smile.Communications 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.012smile.com/index.htm
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 of the controlling interest in Bezeq - The Israel
Telecommunication Corp. and other risks detailed from time to time
in 012 Smile.Communications’ 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.
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