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Profile: Internet Gold Golden Lines Ltd (IGLD.O)

IGLD.O on Nasdaq

30 Nov 2016
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Internet Gold - Golden Lines Ltd., incorporated on April 29, 1992, is a communications company. The Company owns 66.71% of the shares of B Communications, which is its subsidiary. B Communications is the controlling shareholder of Bezeq, a telecommunications provider. The Company's principal asset is its controlling interest in Bezeq. The Company's business segments include Bezeq - The Israel Telecommunication Corp. Ltd., which his engaged in fixed line domestic communications; Pelephone Communications Ltd., which is engaged in cellular communications; Bezeq International Ltd., which is engaged in international communications, Internet services and network end point, and DBS Satellite Services (1998) Ltd., which includes multichannel television.

The Bezeq Group operates the telecommunications infrastructure in Israel, with a range of telecommunications services across various markets. Through its wholly owned subsidiaries and 58.4% ownership of the satellite television provider, YES, the Bezeq Group provides fixed-line telephony services and fixed-line broadband Internet infrastructure access services, cellular telephony services, Internet service provider (ISP) services, international telephony (ILD) services, international and domestic data transfer and network services and information and communication technology (ICT) services, pay television services and other communications infrastructures and services. The Bezeq Group has approximately 2.2 million fixed telephone lines in its fixed-line telephony business, as of December 31, 2014. The Bezeq Group's telecommunications services are based on advanced nationwide infrastructures and are provided by the segments of the Bezeq Group, including Domestic Fixed-Line Communications (Bezeq); Cellular Telephony (Pelephone), ISP, ILD, Data Services and ICT (Bezeq International) and Multi-Channel Pay Television (YES).

Bezeq's products and services include basic telephony services on domestic telephone lines and associated services and fixed-line broadband Internet infrastructure access services through its nationally deployed infrastructure network. Bezeq also offers transmission and data communication services, services to other communications operators and broadcasting services. Bezeq's new high-speed next generation network (NGN) is a fixed-line communications network. Pelephone is a cellular telephony services provider. Pelephone provides cellular telephony services, sells handsets and other end user equipment, and provides repair services for handsets sold by Pelephone. Pelephone's nationwide 3.5G UMTS/HSPA+ network supports download speeds of up to 42 megabytes per second and upload speeds of up to 5.7 megabytes per second.

Bezeq International is a provider of ISP services and also provides ILD and international and domestic data transfer and network services. Bezeq International provides communications solutions that include ISP and related value-added services, international and domestic telephony, PBX supply and support, ICT, cloud computing services, data communications and information security, Website server hosting and related managed services. Bezeq International also owns the JONAH high-speed submarine optical fiber communications cable system connecting Israel and Europe. YES is 58.4% held by Bezeq and 41.6% held by Eurocom DBS. YES offers nationwide coverage and provides multi-channel pay television broadcasts via satellite.

The Company competes with Bezeq International, 013 Netvision, 012 Smile, 018 Xfone, Telzar International Communication Services Ltd., Golan Telecom, HOT Mobile, the Bezeq Group, the Cellcom Group, the Partner Group and the HOT Group.

Company Address

Internet Gold Golden Lines Ltd

2 Dov Friedman Street
RAMAT GAN     5250301
P: +9723.9240000
F: +9723.7530075

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