Liquid Telecommunications South Africa (Pty) Lty entered into a definitive agreement to acquire Telrad Networks Ltd (TASE:TLRD) from Fortissimo Capital Management Ltd. for NIS 200 million on May 9, 2022. The transaction is subject to customary closing conditions, including Telrad shareholder approval. Chaim Friedland, Yair Shiloni and Ari Fried of Gornitzky & Co. acted as legal advisors to Telrad Networks. Chris Brooks, Chaim Lubin and Dil Kunnummal of Lincoln International LLC acted as financial advisor to Telrad Networks Ltd.

Liquid Telecommunications South Africa (Pty) Lty completed the acquisition of Telrad Networks Ltd (TASE:TLRD) from Fortissimo Capital Management Ltd. on August 16, 2022. Telrad will continue to be led by Mr. Moti Elmaliach as Chief Executive Officer, who will also be appointed to the group's executive team and will be part of the international growth of the Liquid business globally.