Leading the Israeli Telecommunications Industry
B Communications sole asset is its controlling interest (approximately 26.34%) in Bezeq The Israel Telecommunication Corp, Ltd.(TASE:BZEQ), Israel’s incumbent telecommunications group. Bezeq Group is Israel’s largest telco group with a clear leadership position. It is active in Israel’s mobile voice, internet services, international long distance (ILD) services, multichannel pay TV and other segments.
Bezeq is Israel’s leading telecommunications service provider. Established in 1984, the Company has led Israel into the new era of telecommunications, based on the most advanced technologies and services.
Bezeq Fixed-line offers domestic services including Internet infrastructure services, basic telephony, transmission and data communications as well as cloud and digital services. The fixed line infrastructure comprises an NGN (Next Generation Network) – FTTC (Fiber to the Curb) network – with approximately 1.8 million access lines and tens of thousands of fiber-optic lines, allowing for the delivery of a full range of value-added services.
Bezeq has installed over 1.6 million high-speed retail and wholesale broadband lines and enables broadband high-speed services, advanced IP telephony and OTT TV services. Broadband services over the NGN network can reach up to 100 Megabits per second and enable consumers to enjoy the most advanced telecommunications and content services.
- Prior to April 2010, B Communications Ltd. operated under the name 012 Smile.Communications. The company was an early Israeli provider of ISP and ILD services. Established in the 1990’s and originally operated under the name Internet Gold. In 2006, the company expanded significantly and was restructured as a result of its acquisition of 012 Golden Lines and its subsequent merger into Internet Gold’s Smile Commmunications subsidiary.
- The company carried out a successful IPO on the Nasdaq Global Market in November 2007 and started trading under the symbol SMLC. Shortly thereafter, the company registered its shares for dual listing on the Tel-Aviv Stock Exchange.
- In October 2009, the company signed a share purchase agreement for the acquisition of the controlling interest (approximately 30.98% ) in Bezeq from the Apax-Saban-Arkin group. To obtain the regulatory approvals required to close the transaction, the company divested its legacy telecommunications assets in early 2010.
- On December 2, 2019, the Searchlight-Furrer transaction was closed and the Company is controlled by Searchlight II BZQ L.P and T.N.R investments Ltd.