RAMAT GAN, Israel, March 10, 2011 /PRNewswire/ -- B Communications Ltd. (Nasdaq: BCOM) announced today that it has notified its subsidiary, Bezeq - The Israel Telecommunication Corp. Ltd. ("Bezeq"), that today it purchased 15,072,168 of Bezeq's outstanding ordinary shares in brokerage transactions on the Tel Aviv Stock Exchange. The purchases bring B Communications' ownership interest in Bezeq to approximately 30.83% of its outstanding shares.
About B Communications Ltd.
B Communications Ltd. (NASDAQ Global Select Market and TASE: BCOM) is a holding company with a single asset: the controlling interest (approximately 30.83%) in Bezeq (www.bezeq.co.il), Israel's incumbent telecommunications provider. Bezeq is the leading player in the majority of Israel's telecommunications markets, including its fixed-line and mobile voice and data, broadband, international long distance, multichannel pay TV and other sectors. B Communications is a subsidiary of Internet Gold (approximately 76.78%-owned) (NASDAQ Global Select Market and TASE: IGLD) and is part of the Eurocom Group. For more information, please visit the following Internet sites:
SOURCE B Communications Ltd.