March 5, 2010 (FinancialWire) — Internet Gold Golden Lines Ltd. (NASDAQ: GLD) said that its board of directors has authorized a new stock repurchase program of up to NIS 30 million (around U.S. $8 million) of the company’s ordinary shares.

The new program follows previously completed repurchase programs declared by Internet Gold in November 2007 and July 2008.

Israel-based Internet Gold said in October 2009 that its subsidiary, 012 Smile.Communications (NASDAQ: SMLC), had signed a definitive agreement to purchase the controlling interest (around 30.66%) in Bezeq, The Israel Telecommunication Corp., Israel’s largest telecommunications provider.

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