Saban-Apax buys another 10.66 pct of Israel's Bezeq

JERUSALEM, Sept 25 (Reuters) - A group led by media mogul Haim Saban and private equity firm Apax Partners exercised its option to buy an additional 10.66 percent of Bezeq Israel Telecom (BEZQ.TA) for 1.08 billion shekels ($318 million).

In late 2005, Saban, Apax and businessman Mori Arkin bought a controlling 30 percent stake from the government in Bezeq, Israel's dominant phone and telecoms company, for 4.2 billion shekels. It received an option to buy an additional 10.66 percent within four years.

($1 = 3.40 shekels)

(Reporting by Steven Scheer, Editing by Tova Cohen)