B Communications Ltd.
| Public | |
| Traded as | NASDAQ: BCOM TASE: BCOM |
| ISIN | 🆔 |
| Industry | Telecommunications services |
| Predecessor | 012 Smile.Communications |
| Founded 📆 | 1999 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
Key people | Darren Glatt (Chairman) Tomer Raved (CEO) |
| Revenue🤑 |  US$ 2.584 billion (2019) |
| Loss of US$ 164 million (2019) | |
| Loss of US$ 399 million (2019) | |
| Members | |
Number of employees | |
| Parent | Searchlight II BZQ LP and TNR investments |
| Subsidiaries | Bezeq |
| 🌐 Website | www |
| 📇 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
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
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% of Bezeq shares.
Management
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
References
- ↑ "BCOM Income Statement". Yahoo! Finance. 2011. Retrieved 17 November 2011.
- ↑ Wrobel, Sharon (12 February 2010). "012.Smile closes Bezeq deal". The Jerusalem Post. Retrieved 17 November 2011.
- ↑ "012 Smile signs financing deal for Bezeq purchase". Ynetnews. Reuters. 13 February 2010. Retrieved 17 November 2011.
General references
- https://www.bizportal.co.il/capitalmarket/news/article/774917
- https://www.calcalist.co.il/markets/articles/0,7340,L-3764926,00.html
- https://www.calcalist.co.il/markets/articles/0,7340,L-3774934,00.html
| Healthcare | |
|---|---|
| Communication & Networks | |
| Software | |
| Electronics | |
| Security & defense | |
| Consumer goods | |
| Conglomerates | |
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