State-run phone company Bezeq said on Monday it has received ministerial approval to buy half of the AdaNet Business Group for $10 million.

The company said it will pay $5 million cash for the group and assume $5 million of its debt.

Bezeq signed an agreement in principle in February with Clal Information Technologies to buy 50% of AdaNet, which makes solutions for data communications, data security and network management.

However, the deal required permission from the ministerial committee for privatization, which is overseeing the sale of the government's 51% holding in Bezeq, Israel's sole domestic telephone provider.