Phoenix Financial, MORE and Noy Fund completed the acquisition of IBC Holdings from Cellcom Israel, IIF and HOT.

Phoenix Financial, a financial services company, MORE, a public investment house, and Noy Fund, an infrastructure and energy investment fund, completed the acquisition of IBC Holdings, an owner of a fiber optic infrastructure project that provides high-speed Internet access services, from Cellcom Israel, a telecommunications company, IIF, a private equity fund, and HOT, a major telecom provider. Financial terms were not disclosed.