Israel’s postal services firm has been sold to an investor consortium for NIS 461 million by the government, with the communications minister stating that privatization will result in enhanced and more efficient services.
The investor group, spearheaded by Milgam, has emerged victorious in the tender for the privatization of Israel Post, heralding a new era for the nation’s postal services. This move is set to bring about a transformation in the operations of Israel Post, promising faster and improved services for its customers.