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Sale of Tadiran Telecom has been approved

Israel's Antitrust Commissioner has approved the sale of the assets of Tadiran Telecom Ltd. (in Temporary Liquidation) further to the approval of the deal by the Court . The total transaction value is ~ILS17 million. The purchaser will employ 90% of the Company for at least a year. Another competitor on the Sale, gave up its bid during the auction took place on March 15 before the Court. The company liquidator was represented by Shapira & Co.