B Communication

Regulatory Filings • Mar 1, 2020

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the month of March 2020

Commission File Number: 001-33773

B COMMUNICATIONSLTD.

(Translation of registrant's name into English)

2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

CONTENTS

Report by Bezeq Subsidiary- Expected Impairment of Bezeq's Subsidiary

On February 27, 2020, Bezeq The Israel Telecommunication Corporation Ltd. ("Bezeq"), a 26.34% subsidiary of B Communications Ltd. (the "Company"), reported to the Israel Securities Authority (the "ISA") and Tel Aviv Stock Exchange (the "TASE") that Bezeq's subsidiary—Bezeq International Ltd.— has received initial indication from its external valuators that its value is expected to be impaired, which may result in an estimated impairment to Bezeq's book value in an amount of NIS 80 million (after the effect of taxes).

A translated copy of the foregoing report of Bezeq is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

B COMMUNICATIONS LTD.

Date: March 1, 2020 By:/s/ Tomer Raved

Name: Tomer Raved Title: Chief Executive Officer

EXHIBIT INDEX

The following exhibit is furnished as part of this Form 6-K:

Exhibit	Description

99.1 English translation of Report by Bezeq to the ISA and TASE on February 27, 2020.

Bezeq The Israel Telecommunication Corporation Ltd.

February 27, 2020

To To

The Israel Securities Authority The Tel Aviv Stock Exchange Ltd.

Dear Sirs,

Immediate Report – Expected Impairment of Subsidiary Value

Tel Aviv, Israel – February 27, 2020 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ) (the "Company") provided an update today that as part of the preparation of itself and its subsidiaries' 2019 financial statements, on February 27, 2020, the subsidiary Bezeq International Ltd. ("Bezeq International") received initial indication from its external valuators according to which a decrease in Bezeq International's value compared to its book value is expected, which is to result in an impairment of the Company's book value by an estimated amount of NIS 80 million (after tax effect). This amount is under review, is not audited, and Bezeq International may receive a different final evaluation. The impairment is expected to occur in the Company's annual reports for 2019.

It should be noted that even after the expected recording of the decrease in the Company's book value, as aforementioned, no change is expected within the Company's projection range for 2019.

Some of the information contained in this report is forward-looking information, as this term is defined in the Securities Law, 5728-1968, and is based, inter alia, on estimates and projections of future trends in markets relevant to Bezeq International and the effects of these matters on the value of Bezeq International. Accordingly, the information may not be fully or partially realized insofar as the said assessments and forecasts occur differently than expected.

The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law, and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.