Internet Gold Golden Lines

Last updated
Internet Gold Golden Lines Ltd.
Company type Public
Nasdaq:  IGLD
Industrycommunication services
Founded1992;33 years ago (1992)
Headquarters Israel
Area served
Israel
Revenue $2.49 billion (As of 2013) [1]
Website igld.com

Internet Gold Golden Lines Ltd. (Internet Gold) is a principal communication service group in Israel. The company was founded in 1992 and is headquartered in Israel. [2] It is a subsidiary of Eurocom Communications Ltd., owned by Shaul Elovitch. It has subsidiaries such as B Communications (formerly 012 Smile Communications) and GoldMind Ltd. (formerly Smile.Media Ltd.). [3] [4] The company was formerly known as Euronet Golden Lines Ltd. and changed its name to Internet Gold - Golden Lines Ltd. in 1999. [2]

Background

The company operates in four areas including Bezeq Domestic Fixed-line Communications, Pelephone Communications ltd., Bezeq International Ltd. And D.B.S. Satellite Service Ltd. [5]

As of April 4, 2013, the company has a market capitalization of $789.67 million with an enterprise value of $3.79 billion. [1]

The company’s subsidiary, B Communications, is the controlling holder, holding 31.37% interest, of Bezeq, which is the largest communication service provider in Israel. [6] The company owns 75.3% interest of its subsidiary, 012 Smile Communications Ltd, which is one of Israel’s major Internet and international telephony service providers and the largest providers of enterprise/IT integration services. [7] In 2010, 012 Smile Communication completed the acquisition of all shares of Golden Lines Ltd. [8] Smile Media Ltd. is 100% owned by Internet Gold and is engaged in Internet portals and e-Commerce business. [7]

References

  1. 1 2 "IGLD Key Statistics | Internet Gold Golden Lines Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-27.
  2. 1 2 "LERC: Summary for Electro Rent Corp Common Stock- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-26.
  3. ↑ Wrobel, Sharon (12 February 2010). "012.Smile closes Bezeq deal". Jerusalem Post . Retrieved 17 November 2011.
  4. ↑ "012 Smile signs financing deal for Bezeq purchase". Ynetnews . Reuters. 13 February 2010. Retrieved 17 November 2011.
  5. ↑ "Internet Gold Golden Lines Ltd Reuters.com". Reuters.com. Archived from the original on 2009-11-01. Retrieved 2014-03-26.
  6. ↑ "Internet Gold Golden Lines Ltd.: NASDAQ:IGLD quotes & news" . Retrieved 2014-03-26.
  7. 1 2 "Internet Gold Announces: 012 Smile.Communications to Hold Conference Call on October 27th to Discuss Acquisition of Bezeq". Prnewswire.com. 2010-11-26. Retrieved 2014-03-26.
  8. ↑ "Internet Gold's Subsidiary Smile.Communications Completes Full Acquisition of 012 Golden Lines". Prnewswire.com. Retrieved 2014-03-26.

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