Investor Group Moves to Acquire Israel Electric Corp.'s Stake in IBC

A consortium of investors is seeking to purchase the Israel Electric Corporation's (IEC) 30% stake in Israel Broadband Company (IBC), a fiber optic infrastructure provider. The investor group, led by The Phoenix insurance company, Meitav Dash, and Noy Fund, along with IBC Chairman Gil Sharon, already acquired controlling interest in IBC in late 2025. This move signifies a deepening of their investment in the company.

IEC and IBC Unlimited Holdings have signed a non-binding memorandum of understanding for the sale. If the deal is completed, the investor group will hold full ownership of IBC. This acquisition would consolidate the group's control over the company less than a year after they initially took over.

IBC operates an extensive independent fiber optic network, considered a key element in promoting competition within Israel's telecommunications market. The company is expanding its network, which currently serves over 2.6 million homes and businesses nationwide.

Gil Sharon, Chairman of IBC, stated that the decision to increase their investment and pursue full ownership of IEC's shares is a significant vote of confidence in the company's progress and future growth potential. He expressed belief in the quality of the infrastructure, IBC's development plans, and its capacity to solidify its position as a major player in Israel's fiber market and a genuine competitor to Bezeq.