June 24, 2019 / 5:35 PM / 3 months ago

B Communications enters into investment deal with Searchlight-led group

June 24 (Reuters) - Israel-based B Communications Ltd said on Monday it has entered into an investment agreement with an investor group led by Searchlight Capital Partners LP and the Fuhrer Family Office.

The deal will facilitate a cash injection of 640 million shekels ($177.7 million) into B Communications to help improve the company's financial position.

$1 = 3.6011 shekels Reporting by Sayanti Chakraborty in Bengaluru; Editing by James Emmanuel

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