September 28, 2016 3:17 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: 52
Chief Financial Officer
Executive Vice President
Compensation as of Fiscal Year 2016.

013 Netvision Ltd Key Developments

Cellcom Israel Announces a Purported Class Action Filed Against 013 Netvision Ltd

Cellcom Israel Ltd. announced that a purported class action was filed against 013 Netvision Ltd. and two other Israeli international calls operators, alleging that the defendants unlawfully charge random customers with excessive and unreasonable prices for outgoing calls from Israel. The total amount claimed from the defendants, if the lawsuit is certified as a class action, was not estimated by plaintiffs. At this preliminary stage, the company is unable to assess the lawsuit's chances of success.

013 Netvision Ltd Announces Dismiss of Purported Class Action

Cellcom Israel Ltd. announced that a purported class action filed against 013 Netvision Ltd., or Netvision, the company's wholly owned subsidiary and three other defendants, in August 2015, was dismissed against Netvision, at the request of the plaintiff. The purported class action alleged 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, had the lawsuit been certified as a class action against Netvision, 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.

Netvision Ltd. Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2015

Netvision Ltd. announced unaudited earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported total revenues of ILS 238 million, operating income of ILS 31 million and EBITDA of ILS 53 million against ILS 78 million a year ago.

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Recent Private Companies Transactions

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