Eurocom's 012 Smile to buy 30.6 pct of Bezeq
* Shareholders to sell 30.6 pct for 6.5 bln shekels
* Controlling stake to be sold to Eurocom's 012 Smile
* Conditioned upon receiving regulatory okay by April 25
* 012 Smile seeks to be leading telecom player in Israel
(Recasts, adds comments from analysts, Communications Ministry)
By Tova Cohen
TEL AVIV, Oct 25 (Reuters) - The controlling shareholders in Bezeq Israel Telecom (BEZQ.TA: Quote, Profile, Research) agreed to sell their 30.6 percent stake for 6.5 billion shekels ($1.76 billion) in a deal likely to shake up Israel's telecoms market and bring pressure on its mobile phone operators.
The Apax-Saban-Arkin group agreed to sell its stake in Bezeq, Israel's largest telecoms group, to 012 Smile Communications (SMLC.TA: Quote, Profile, Research), a provider of Internet service and domestic and overseas calling, Bezeq and 012 Smile said on Sunday. Continued...
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