A consortium led by Milgam Ltd. won an auction on Sunday to purchase the Israel Postal Company with a bid of 461 million shekels ($125 million).
The figure is well below the estimated sale price of half a billion shekels.
The Israel Post will be fully transferred to the buyer in the coming months, according to the Israeli Communications Ministry.
The Israel Post has been caught up in a financial crisis since 2006, severely affecting service. The ministry decided on privatization to give it “freedom of action” to provide new services and adapt to the digital age.
“I congratulate Milgam on the win, and I hope that the privatization will be launched as soon as possible,” said Communications Minister Shlomo Karhi.

The Hamas terrorist organization has profited at least $500 million off humanitarian aid coming into the Gaza Strip since the start of the war on Oct. 7, according to a report that aired on Israel’s Channel 12 last week.
Veteran analyst Ehud Yaari, a fellow at the Washington Institute for Near East Policy, told the broadcaster on Thursday that, according to a calculation he made with “a friend—I don’t know if I’m allowed to mention his name,” Hamas earned “no less” than half a billion dollars from the aid.
“We provide [this] for them,” said the Arab affairs analyst, adding: “We need to start creating reality, instead of this fruitless discussion about what will happen the ‘day after’ [the war with Hamas ends].”

(JNS) – Indian-born British-American novelist Salman Rushdie warned on Sunday that a Palestinian state would be a Taliban state, speaking in an interview with Germany’s Bild newspaper. “[I]f there were a Palestinian state now, it would be run by Hamas and we would have a Taliban-like state. A satellite state of Iran. Is this what […]

The Islamic Republic’s terror proxies Hamas and Hezbollah issued statements mourning Iranian President Ebrahim Raisi, who died in a helicopter crash on Sunday.
Iranian Foreign Minister Hossein Amir-Abdollahian and other officials were also killed in the crash in the country’s northwestern East Azerbaijan province.

Taiwan’s new president, Lai Ching-te, said in his inauguration speech Monday that he wants peace with China and urged it to stop its military threats and intimidation of the self-governed island that Beijing claims as its own territory. “I hope that China will face the reality of (Taiwan)’s existence, respect the choices of the people […]

(JNS) – The International Criminal Court’s chief prosecutor on Monday will seek arrest warrants for Israel’s Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, as well as for Hamas leaders.

WikiLeaks founder Julian Assange can appeal against extradition to the United States on espionage charges, a London court ruled on Monday — a decision that is likely to further drag out what has already been a long legal saga. High Court judges Victoria Sharp and Jeremy Johnson said Assange has grounds to challenge the United […]

The International Criminal Court’s chief prosecutor on Monday will seek arrest warrants for Israel’s Prime Minister Bibi Netanyahu and Defense Minister Yoav Gallant, as well as for Hamas leaders.
The charges against Netanyahu and Gallant will include “causing extermination, causing starvation as a method of war, including the denial of humanitarian relief supplies [and] deliberately targeting civilians in conflict,” Karim Khan told CNN‘s Christiane Amanpour.
Charges against Hamas terrorist leader in Gaza Yahya Sinwar, chief Ismail Haniyeh and Al-Qassam Brigades armed wing head Mohammed Deif will include “extermination, murder, taking of hostages, rape and sexual assault in detention,” he said.