Bezeq to acquire Exelera Telecom for $160M

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Bezeq signs a deal to buy Exelera Telecom for $160 million, enhancing its fibre broadband footprint. The move supports Bezeq’s strategy following strong fibre rollout and improved profits, enabling broader market reach and service diversification. What happened: Israel’s Bezeq to buy local telecoms firm for $160M Israeli telecoms giant Bezeq has signed a non-binding agreement to acquire Exelera Telecom for approximately $160 million. The acquisition is aimed at strengthening Bezeq’s position in the local fibre and broadband market, giving it access to Exelera’s network assets, customer base, and technical expertise.

The deal is seen as a strategic move to improve service offerings for both private and business customers, particularly as demand for high-speed connectivity and digital services continues to rise in Israel. Final terms will depend on regulatory approvals and completion of due diligence, with both companies signalling optimism about closing the transaction. Also read: Nvidia plans Israel AI hub expansion project Also read: Israel–Iran war drives Middle East digital shift Why it’s important The acquisition aligns with Bezeq’s broader strategy to boost fibre coverage and leverage its recent financial gains.

The company recently completed nationwide fibre rollout to nearly 2.9 million homes, resulting in improved profitability metrics. Adding Exelera would deepen its broadband infrastructure and customer base as it looks to capitalise on higher-margin services amid growing competition.