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Last 794.00
Change Today +35.30 / 4.65%
Volume 9.8M
As of 10:24 AM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

bezeq the israeli telecom co (BEZQ) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/7/15 - $794.00
52 Week Low
11/18/14 - $600.50
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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bezeq the israeli telecom co (BEZQ) Details

Bezeq- The Israel Telecommunications Corp. Ltd., together with its subsidiaries, provides telecommunication services to business and private customers in Israel. Its products and services include basic telephony services on domestic telephone lines and associated value-added services, such as voice mail, caller ID, call waiting, call forwarding, and conference calls; and fixed-line broadband Internet infrastructure access services through its infrastructure network. The company also offers transmission and data communication services, such as point, or point to multi point, and network topology for business to business and multi-branch business customers, as well as connectivity, Internet access and remote access services; backhaul services to cellular telephony operators; and transmission connectivity services to wireline operators, ILD providers, ISPs, and the Palestinian Authority operators. In addition, it provides various services to other communications operators, including rental of space and provision of services in its rented properties, hosting of cellular sites, billing and collection for ILD operators, and special services for ISPs; infrastructure services; broadcasting services by operating and maintaining radio transmitters that are operated by radio stations and operators; and performs setup and operational work on networks and sub-networks for various customers. As of December 31, 2014, it had 2.2 million active fixed telephone lines in Israel. Bezeq- The Israel Telecommunications Corp. Ltd. was founded in 1980 and is headquartered in Tel Aviv, Israel.

5,964 Employees
Last Reported Date: 03/26/15
Founded in 1980

bezeq the israeli telecom co (BEZQ) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 4.4M
Chief Financial Officer, Deputy Chief Executi...
Total Annual Compensation: 2.3M
Chief Executive Officer of Pelephone Communic...
Total Annual Compensation: 5.3M
Chief Executive Officer of Bezeq Internationa...
Total Annual Compensation: 2.6M
Deputy Chief Executive Officer and Vice Presi...
Total Annual Compensation: 2.3M
Compensation as of Fiscal Year 2014.

bezeq the israeli telecom co (BEZQ) Key Developments

Bezeq - The Israel Telecommunications Corp., Ltd. Approves Dividend Payable on October 26, 2015

B Communications Ltd. announced that on September 21, 2015 shareholders at the general meeting of its controlled subsidiary, Bezeq - The Israel Telecommunications Corp. Ltd., approved the payment of a dividend of ILS 933 million to Bezeq's shareholders. The dividend, which is based on Bezeq's dividend distribution policy, is expected to be paid on October 26, 2015. B Communications expects to receive approximately ILS 286 million (approximately $74 million at current exchange rates) from this distribution.

Bezeq - The Israel Telecommunication Corporation Limited Receives Class Action Certification Motion Filed with Tel Aviv District Court

On August 30, 2015, Bezeq - The Israel Telecommunication Corporation Limited has received a class action certification motion which had been filed with the Tel Aviv District Court. In the motion, which was filed by a subscriber of the company, it was asserted that the company took advantage of its monopolistic status in order to price its services in a manner which limited the ability of the company's competitors to offer landline telephony services at competitive prices, among other ways, by offering its customers a deal whereby the price it charged for landline telephony services was lower than the price it charged for Internet infrastructure services alone, that is for input which was essential to the activity of its competitors in the market, which operate via VoB technology. The Petitioner asserts that the damage caused to the public as a result of the foregoing was estimated by evaluating the difference between the existing price in the landline telephony market and comparing it to a hypothetic price in a perfectly competitive market, which would have led to a price reduction in the long term. The Petitioner estimates the class action claim amount, in reliance on an expert economic opinion at ILS 244 million. As asserted by the Petitioner, the members of the represented class are all the customers of the landline telephony services, whether provided by the company or by its competitors, including by means of VoB technology, as of January 15, 2011 and up to the date of the motion.

Bezeq The Israel Telecommunication Corporation Limited Announces Amendments to the Special Collective Agreement with Workers Organization and New General Federation of Labor

On August 30, 2015, the Board of Directors of Bezeq The Israel Telecommunication Corporation Limited approved Amendment (No. 5) to the special collective agreement of December 5, 2006, between the company, the workers organization and the New General Federation of Labor. The following are the primary approved amendments: Extension of the collective agreement and retirement arrangements up to December 31, 2021, and the amendment thereof, the company may, at its discretion, terminate up to 203 regular employees (including a new regular employee) each year as part of the retirement arrangements and the estimated cost of the agreement, including wage improvements and not including employee retirement which is given to the discretion of the company, is approximately LIS 280 million throughout the term of the Agreement (of which LIS 30 million is dependent on the company's results).


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