Telecom & media news
Israel's business and economic news in English, from the country's financial press. Hebrew headlines are translated; every story links to the publisher.
FIMI buys control of communications company MMDSmart
FIMI, an Israeli private equity fund, is acquiring a 55% stake in Israeli communications services company MMDSmart for $55 million.
IBC, a fiber optics venture founded in 2013 that struggled with debt and faced bankruptcy, was turned around by CEO Yosi Chaver, a former Shin Bet official. The company now competes head-to-head with Bezeq in the business market.
On the Way to Half-Billion Shekel Dividend Distribution: Partner Buys Out All Opponents
Partner Communications is repaying debt to bondholders who opposed a special dividend distribution, in an effort to clear the way for the payout. The company previously completed a similar early redemption of 140 million shekels for Series H bonds that had opposed the move.
Globes (Hebrew, translated) · 1 day ago · Partner Communications, Ampisea
Buy and sell stocks around the clock: global exchanges prepare to extend trading hours
Nasdaq plans to launch 23-hour daily trading within months, while stock exchanges worldwide from Seoul to Tel Aviv are considering similar moves to extend trading hours.