Discount Inv says to buy BellSouth's Cellcom stake
Reuters reports that:
Israeli holding company Discount Investment Corp. said on Sunday it plans to buy BellSouth Corp.'s entire 34.75 percent stake in Israeli mobile phone operator Cellcom for $625 million, sending its shares sharply higher.
Discount, a unit of IDB Holding Corp., said in a statement that the deal had been agreed and was expected to be signed within a few days. It was anticipated it would be finalised in the second half of the year, subject to a number of conditions.
posted by Fergie @ 5/08/2005 10:11:00 AM
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