B Communications

Last updated
B Communications Ltd.
Public
Traded as NASDAQ:  BCOM
TASE:  BCOM
Industry Telecommunications services
Predecessor012 Smile.Communications
Founded1999;21 years ago (1999)
Headquarters,
Key people
Darren Glatt (Chairman)
Tomer Raved (CEO)
RevenueIncrease2.svg US$ 2.584 billion (2019)
Increase2.svg Loss of US$ 164 million (2019)
Increase2.svg Loss of US$ 399 million (2019)
Parent Searchlight II BZQ L.P and T.N.R investments
Subsidiaries Bezeq
Website www.bcommunications.co.il
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.

Contents

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% from Bezeq shares.

Management

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

See also

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References

  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