Company Overview of DBS Satellite Services (1998) Ltd.
D.B.S. Satellite Services (1998) Ltd. provides multichannel television services in Israel. It offers a range of high quality content on 160 different channels, including 20 HD channels; and various local content, as well as VOD services, pay-per-view channels, radio channels, music channels, and interactive services. The company also provides sports, entertainment and series, movies, business and news, science and nature channels, youth and music, Russian language, and an Arabic language channels. D.B.S. Satellite Services (1998) Ltd. was founded in 1998 and is based in Kfar Sava, Israel.
6 HaYozma Street
Founded in 1998
Key Executives for DBS Satellite Services (1998) Ltd.
Chief Operating Officer and Vice President of Customer Division
Chief Technology Officer and Vice President of Engineering
Vice President of Regulation & Legal Affairs
Compensation as of Fiscal Year 2015.
DBS Satellite Services (1998) Ltd. Key Developments
Bezeq - the Israel Telecommunication Corp. Ltd. Receives Notice from D.B.S. Satellite Services (1998) Ltd of a Class Action and Certification Motion
Feb 19 15
On February 18, 2015, Bezeq - The Israel Telecommunication Corp. Ltd. received a notice from D.B.S. Satellite Services (1998) Ltd. ('Yes') of a class action and certification motion which had been filed against it with the Tel Aviv-Jaffa District Court in July 2014, but was only served on Yes. The claim asserted that the manner in which subtitles accompanied Yes's television broadcasts affected the enjoyment of its hearing-impaired customers. Allegedly, in this manner Yes was allegedly misleading its customers as to the quality of the service provided and becoming unjustly enriched. The petitioner seeks for the represented class, among other remedies, compensation for damages allegedly caused to users as a result of Yes's alleged deception, as aforementioned. The aggregate claim amount is estimated at approximately ILS 126 million. Yes is studying the claim and the class action certification motion and neither it and/nor the company is able, at the present stage, to evaluate the claim's likelihood of success.
Israel Telecommunication Corp. Ltd Announces Class Action Update against D.B.S. Satellite Services (1998) Ltd. and Telecommunication Systems Ltd
May 27 14
Further to The Israel Telecommunication Corp. Ltd.'s immediate report of July 7, 2013 concerning a claim together with a class certification motion filed with the Central District Court against D.B.S. Satellite Services (1998) Ltd. and against Telecommunication Systems Ltd. (the "Respondents"), on grounds that the Respondents had breached communication laws by allegedly advertising and promoting the interests of various commercial entities during their broadcasts over the years, the company hereby provides notification that on May 22, 2014, a hearing was held on the certification motion, during which the Petitioners, at the court's recommendation, sought to withdraw the certification motion. The court ordered the filing of withdrawal affidavits by May 29, 2014, after which the court would vacate the certification motion.
DBS Satellite Services (1998) Ltd. Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Apr 22 14
DBS Satellite Services (1998) Ltd. reported audited earnings results for the fourth quarter and full year ended December 31, 2013. For the year, the company reported total revenue of ILS 1,635 million compared to ILS 1,636 million for the same period a year ago. Operating profit was ILS 268 million compared to ILS 253 million last year. Earnings before income tax, depreciation and amortization were ILS 530 million compared to ILS 502 million last year. Net loss was ILS 381 million compared to ILS 310 million last year. Cash flow from current operations was ILS 491 million compared to ILS 418 million last year. Payments for investments in property, plant and equipment and intangible assets were ILS 324 million compared to ILS 284 million last year. Free cash flow was ILS 167 million compared to ILS 134 million last year.
For the quarter, the company reported total revenue of ILS 417 million compared to ILS 407 million for the same period a year ago. Operating profit was ILS 61 million compared to ILS 73 million last year. Earnings before income tax, depreciation and amortization were ILS 131 million compared to ILS 137 million last year. Net loss was ILS 83 million compared to ILS 20 million last year. Cash flow from current operations was ILS 133 million compared to ILS 119 million last year. Payments for investments in property, plant and equipment and intangible assets were ILS 83 million compared to ILS 72 million last year. Free cash flow was ILS 50 million compared to ILS 47 million last year.
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