012 Smile.Communications (SMLC) announced that it has entered into an agreement with a wholly owned subsidiary of Ampal-American Israel Corp. (AMPL) to sell its current telecom business for NIS 1.2 billion, or about $318 million.
J.P. Morgan plc acted as exclusive financial adviser and Fischer Behar Chen Well Orion & Co. as legal adviser to 012 Smile.Communications in connection with the transaction.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.