New Investor Group to Acquire Full Control of Israel's IBC Telecom Infrastructure

The Israeli telecommunications infrastructure company IBC is set for a dramatic ownership change as a new investor group, led by The Phoenix, Mor Investment House, and Noy Fund, has signed a memorandum of understanding to acquire the remaining 30% of its shares. This acquisition will transfer full ownership of IBC to the investor group, which already holds the majority stake. The deal, which includes the purchase of shares and the remaining owner's loan from the Israel Electric Corporation (IEC), is valued at approximately NIS 370 million. This valuation mirrors the company's worth from its initial acquisition transaction in late 2025.

The investor group's decision to increase its stake so soon after taking control is seen in the market as a strong vote of confidence in IBC's operations. The company has become a significant player in the Israeli telecom market by building an advanced, independent fiber optic network that currently reaches over 2.6 million homes and businesses nationwide.

Gil Sharon, Chairman of IBC and a leader of the investor group, commented on the move, stating, "The decision to deepen the investment in IBC and move to acquire the full holdings of the Electric Corporation is a significant expression of confidence in the company, the path it has taken, and its growth potential." Sharon emphasized the group's long-term vision, adding, "Less than a year after we acquired control of the company, we seek to increase our investment out of belief in the quality of the infrastructure built, IBC's development plans, and its ability to continue growing and solidify its position as a central player in Israel's fiber market and a true competitor to Bezeq."