World’s Largest Sovereign Wealth Fund Drops Israeli Telecom Giant
Norway's sovereign wealth fund has sold all its shares in Israeli telecom giant Bezeq, citing the company's presence in illegal West Bank settlements.
“The company (Bezeq), through its physical presence and provision of telecom services to Israeli settlements in the West Bank, is helping to facilitate the maintenance and expansion of these settlements,” the Norwegian's funds ethics council stated in its recommendation for the divestment.
“By doing so, the company is itself contributing to the violation of international law,” the report adds.