Searchlight and TNR Investments completed the acquisition of a minority stake in B Communications from Internet Gold for $183m.

Searchlight and TNR Investments completed the acquisition of a minority stake in B Communications, a publicly traded holding company, headquartered in Israel, whose sole asset is a controlling interest in Israeli telecommunications provider Bezeq, from Internet Gold, a telecommunications-oriented holding company, for $183m. "As an investment firm with significant experience in global communications, we are excited to partner with the existing stakeholders in both Bcom and Bezeq and to serve as a value-added and strategically-oriented investor that will enhance value for the companies and their customers over the long term. We have confidence in the management teams of both Bcom and Bezeq, and we look forward to lending our support to Bezeq's ongoing efforts to raise the quality of communications infrastructure and services in Israel, particularly around fiber and 5G, for the collective benefit of consumers and businesses, the Israeli communications market, the Israeli economy and the State of Israel," Darren Glatt, Searchlight Partner.