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Bezeq

Bezeq
Company nameBezeq the israeli company for communications inc.
Company typePublic (TLV - BEZQ)
Sloganthere's no place like home
IndustryTelecomunications
GenreTelecommunications
Founded1984
HeadquartersTel Aviv
Area servedIsrael
Key peopleAvi Gabay (CEO)
Net income2.78 billion NIS
Employees12000
Subsidiaryyes

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Bezeq, the Israeli company for communications, ( ) is a telecommunications provider in Israel.

Until the mid-first decade of the 21st century when it was owned by the Israeli government, Bezeq had a monopoly on landline telephony and Internet access infrastructure (ADSL VDSL2). Though still the most dominant provider of telephone services, it has had competition from the sole cable provider in the country (since September 2006), Hot, which offers a cables based telephone and internet access services as of 2005, and with 012 Smile and more recently 013 netvision and Orange.

On May 9, 2005, Bezeq was officially privatized when 30% of its shares were sold by the state to the Saban-Apax Investment group for $972 Million. The cellular communications provider Pelephone is a fully owned subsidiary of Bezeq. Bezeq is also the largest shareholder in D.B.S. Satellite Services (1998) Ltd., known by its trademark name, Yes, the satellite (DBS) television provider in Israel.




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