Israel's Internet Gold to buy back $18 mln of shares

Nov 29 (Reuters) - Israel's Internet Gold Golden Lines Ltd (IGLD.O: Quote, Profile, Research) (IGLD.TA: Quote, Profile, Research) said its board approved the repurchase of up to 70 million shekels, or about $18 million, of its ordinary shares.

The buyback will be made on the Nasdaq Global Market and Tel Aviv Stock Exchange, the Internet service provider said in a statement. (Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by Himani Sarkar)