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September 02, 2015 12:11 PM ET

Internet Software and Services

Company Overview of 013 Netvision Ltd

Company Overview

013 Netvision Ltd. engages in the provision of Internet services in Israel. The company also provides information security, hosting, anti-virus services, Website filtering, domestic and international calls, call center, outsourcing, and international telephony services, as well as offers complex Internet and Intranet, and integrated communications networks. It serves banks, government offices, newspapers, academic institutions, telecom companies, and industrial and high-tech companies, as well as business parks. The company is based in Rosh Ha'ayin, Israel. 013 Netvision Ltd. is a subsidiary of Cellcom Israel.

15 Hamelacha Street

Rosh Ha'ayin,  48091

Israel

Phone:

972 3 900 1861

Fax:

972 3 900 1113

Key Executives for 013 Netvision Ltd

President and Chief Executive Officer
Age: 51
Chief Financial Officer
Executive Vice President
Compensation as of Fiscal Year 2015.

013 Netvision Ltd Key Developments

Netvision Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Netvision announced unaudited earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total revenues of ILS 235 million against ILS 234 million a year ago. EBITDA was ILS 52 million against ILS 90 million a year ago. Operating income was ILS 32 million.

Cellcom Israel Provides Update on a Purported Class Action Against its Subsidiary, 013 Netvision Ltd and Three Other Defendants

Cellcom Israel Ltd. announced that a purported class action was filed against 013 Netvision Ltd., or Netvision, the company's wholly owned subsidiary and three other defendants, alleging that another defendant unlawfully sold the other defendants, including Netvision, private data of its customers, which was used by the other defendants to approach such customers with commercial proposals. The amount claimed from each of the defendants allegedly purchasing the data, including Netvision, if the lawsuit is certified as a class action, was estimated by the plaintiff to be ILS 1,000 for each customer whose private data it allegedly purchased and/or each approach made to such customers, the total of which was assessed by the plaintiff to be approximately 1.5 million customers.

Cellcom Israel Ltd. Files Lawsuit Against Netvision Ltd

Cellcom Israel Ltd. announced that the Israeli Supreme Court dismissed with prejudice an appeal filed in 2011 against the dismissal with prejudice of a purported class action filed against Netvision Ltd. and other defendants, regarding on-line auctions of goods. The total amounts claimed from the defendents, had the lawsuit been certified as class action wasn't quantified by the plaintiffs. In addition, a purported class action was filed against 013 Netvision Ltd., or Netvision in relation to sums Netvision allegedly wrongfully charged its subscribers, relating to their payment method. The total amounts claimed from Netvision, if the lawsuit is certified as class action is estimated by the plaintiff to be over NIS 50 million (and under certain mistaken assumptions detailed elsewhere in the lawsuit- over NIS 1 billion).

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