Norway's sovereign wealth fund, the largest in the world, divests all its shares in Israel's largest telecom company Bezeq, citing the company’s provision of telecom services to “Israeli settlements in the occupied West Bank”
Israel National News: Norway's sovereign wealth fund, the largest in the world, has divested all its shares in Israel's largest telecom company Bezeq, citing the company’s provision of telecom services to “Israeli settlements in the occupied West Bank”, Reuters reports.
The decision, which is a great victory for the BDS movement, announced late Tuesday, follows the adoption of stricter ethical guidelines by the fund's ethics watchdog, the Council on Ethics, regarding businesses that support Israel's activities in areas under the control of the Palestinian Authority (PA).
"The company, 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, which are illegal under international law," the watchdog said in its recommendation to divest, as quoted by Reuters.
