Norway’s $1.8 trillion sovereign wealth fund said it decided to exclude Israeli telecommunications company Bezeq from the fund over concerns the company could be contributing to human-rights violations as it provides services to Israeli settlements in the West Bank.

The decision to divest of the company, announced late Tuesday, followed the fund’s ethics watchdog saying that by providing services to Israeli settlements in the West Bank, Bezeq was helping facilitate the maintenance and expansion of illegal settlements.