Key Developments For Internet Gold-Golden Lines Ltd
Internet Gold-Golden Lines Ltd (IGLD.O) (Consolidated Issue listed on NASDAQ Global Market)
Internet Gold Golden Lines Ltd.'s 100% Subsidiary Smile.Media, Acquires Remaining 48% Of TIPO
Internet Gold Golden Lines Ltd. announced that it's wholly owned subsidiary, Smile.Media, has acquired the remaining 48% interest in Hype Active Media Ltd . Hype is the owner and operator of TIPO (tipo.co.il), Israel's children's portal. Terms were not disclosed.
Microsoft Corp. and Internet Gold Golden Lines Ltd. Agree to Transfer of MSN Portal in Israel Operations
Microsoft Corp. and Internet Gold Golden Lines Ltd. announced that they have reached an agreement to have Microsoft independently operate a MSN Israel portal. Established during 2000, MSN Israel Ltd is 50.1% owned by the Company and 49.9% owned by Microsoft. The parties are currently discussing the terms of migration and possible future cooperation. The msn.co.il portal will continue to operate throughout the transition period and both parties are working together to support employees, advertisers and users through this period.
Internet Gold Golden Lines Ltd. Completes Raise Of $105 Million By Debentures
Internet Gold Golden Lines Ltd. announced that the Company offered to the public NIS423,000,000 par value Debentures (Series B). The debentures were offered to the public in 423,000 Units (the units), NIS1000 par value per unit, by way of a tender on the unit price starting at a minimum price of NIS970 per unit. 69 institutional investors undertook to order 360,700 of the units being offered to the public. The list of subscriptions for the units offered to the public closed on September 25, 2007.
Internet Gold Golden Lines Ltd. Announces Completion Of The Institutional Tender Stage Of NIS 423 Million Debenture Issuance
Internet Gold Golden Lines Ltd. announced that further to the draft prospectus that was published in Israel on September 18, 2007, for the public offering of debentures (Series B), the Company completed the institutional investor tender stage of the debenture issuance. The Company previously filed a draft prospectus with the Israel Securities Authority with respect to the proposed sale of NIS 423 million (approximately ($ 104 million) of Debentures (Series B) which are being offered exclusively in Israel to Israeli residents.
Internet Gold Golden Lines Ltd. Is Considering An IPO Of Its Two Subsidiaries
Internet Gold Golden Lines Ltd. announced that the Company has reported that it is considering filing registration statements with the U.S. Securities and Exchange Commission for the initial public offering of the ordinary shares of either or both of its two wholly-owned subsidiaries, 012 Smile.Communications Ltd. and Smile.Media Ltd., in underwritten offerings.
