Holdings
Internet Gold’s principal holding is its approximately 79.94% interest in B Communictions Ltd. (Nasdaq and TASE: BCOM), a subsidiary through which IGLD holds the controlling interest in Bezeq (TASE:BZEQ)
Bezeq is Israel’s incumbent telecommunications provider with a leadership position in its fixed-line, mobile voice, broadband, international long distance and multichannel pay TV markets.
Bezeq
Bezeq’s telecommunications operations are carried out via five main subsidiaries:
| Subsidiary | Services | Ownership | 2012 Revenues | Contribution to Bezeq |
|---|---|---|---|---|
| Bezeq Fixed Line |
Fixed line telephony, broadband infrastructure, data and transmissionBezeq also holds the leading Israeli portal Walla (www.walla.co.il)*. | 100% | NIS 4.6B | 43.15% |
| Pelephone | Mobile Telephony & Data | 100% | NIS 4.5B | 41.64% |
| Bezeq International | ILD, ISP, Enterprise Solutions, Voice-Over-Broadband (VOB) | 100% | NIS 1.3B | 12.49% |
| Yes | Pay TV (DTH) | 49.8% | NIS 1.6B | |
| Bezeq On Line | Call center services | 100% | NIS 292M | 2.72% |
*On March 14, 2012, Bezeq published a tender offer for the purchase of all the shares held by the public in Walla!. The tender offer, which was contingent upon its acceptance by the majority necessary to enable the purchase of all the Walla! shares held by the public and turning the company into a private company, was successful. Therefore Bezeq holds 100% of walla’s outstanding shares.