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Share Name | Share Symbol | Market | Type |
---|---|---|---|
012 Smile.Communications Ltd. (MM) | NASDAQ:SMLC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.04 | 0 | 01:00:00 |
012 Smile.Communications Ltd. (Nasdaq: SMLC - News), a member of the Eurocom Group, announced today that it has signed 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 previously announced acquisition by the 012 Smile Group of the controlling interest in Bezeq - The Israel Telecommunication Corp., Israel’s largest telecommunications provider (TASE: BZEQ).
The financing will be provided to the 012 Smile Group by a consortium led by Bank Hapoalim BM, which is expected to include Bank Leumi le-Israel BM, Amitim (Senior Pension Funds), Israel Discount Bank, Mizrahi Tefahot Bank, HSBC, First International Bank of Israel and Union Bank. Bank Hapoalim BM will serve as the manager of the loan.
In addition, Bank Hapoalim BM will provide the 012 Smile Group with a short-term loan in the amount of NIS 700 million (approximately $187 million).
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.html
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.
1 Year 012 Smile.Communications Ltd. (MM) Chart |
1 Month 012 Smile.Communications Ltd. (MM) Chart |
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