B Communications Ltd. Increases its Holdings in Bezeq

Mar 10, 2011, 12:37 ET from B Communications Ltd.

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:





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