012 Smile.Communications Ltd. (SMLC) said it has completed the sale of its telecom business assets to a wholly-owned subsidiary of Ampal-American Israel Corp (AMPL) for NIS 1.2 billion, or approximately $322 million.
Further, Eli Holtzman has been appointed as 012 Smile.Communications' new Chief Executive Officer and Doron Turgeman as its Chief Financial Officer, effective immediately. Holtzman and Turgeman will fill these positions in parallel with their roles as CEO and CFO of Internet Gold - Golden Lines Ltd. (IGLD), 012 Smile.Communications' controlling company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.