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Shareholders of B Communications approve Searchlight deal

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Shareholders of B Communications approve Searchlight deal

Shareholders of B Communications Ltd. approved the company's sale of a controlling stake to private equity firm Searchlight Capital Partners LP.

Internet Gold - Golden Lines Ltd., which owns a 51.95% stake in B Communications, initiated a sale process of its holdings in the Israeli company in October 2018.

The company now requires the approval of the Ministry of Communications and final court approval, which the company expects to receive in the "very near future."