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B Communications Ltd.

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B Communications Ltd.
Public
Traded asNASDAQBCOM
TASEBCOM
ISIN🆔
IndustryTelecommunications services
Predecessor012 Smile.Communications
Founded 📆1999; 25 years ago (1999)
Founder 👔
Headquarters 🏙️, ,
Area served 🗺️
Key people
Darren Glatt (Chairman)
Tomer Raved (CEO)
Revenue🤑 Increase US$ 2.584 billion (2019)
Increase Loss of US$ 164 million (2019)
Increase Loss of US$ 399 million (2019)
Members
Number of employees
ParentSearchlight II BZQ LP and TNR investments
SubsidiariesBezeq
🌐 Websitewww.bcommunications.co.il
📇 Address
📞 telephone
Footnotes / references
[1]

B Communications is a publicly traded holding company, headquartered in Israel, whose sole asset is a controlling interest in Israeli telecommunications provider Bezeq. Its shares are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange.

Operations[edit]

B Communications functions as a holding company of Bezeq The Israeli Telecommunication Corp Ltd. B Communications is controlled by Searchlight II BZQ L.P (60.18%) and T.N.R investments Ltd (11.39%).[2][3]

History[edit]

In January 2010, as part of the deal to transfer the controlling interest in Bezeq from the Apax-Saban-Arkin group to Eurocom, 012.Smile Communications Ltd. sold its telecom business assets to Ampal-American Israel Corporation. Ampal renamed its newly acquired business 012 Smile Telecom, and 012.Smile Communications Ltd. was renamed B Communications. On 14 April 2010 B Communications completed the acquisition of 30.44% of Bezeq's shares for NIS 6.5 billion. As of January 2020 , B Communications is holding 26.34% from Bezeq shares.

Management[edit]

Darren Glatt serves as Chairman of the board of Directors since December 2019. Tomer Raved serves as Chief Executive Officer and as a director since January 2020

See also[edit]

References[edit]

  1. "BCOM Income Statement". Yahoo! Finance. 2011. Retrieved 17 November 2011.
  2. Wrobel, Sharon (12 February 2010). "012.Smile closes Bezeq deal". The Jerusalem Post. Retrieved 17 November 2011.
  3. "012 Smile signs financing deal for Bezeq purchase". Ynetnews. Reuters. 13 February 2010. Retrieved 17 November 2011.

General references[edit]


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