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Internet Gold-Golden Lines Ltd.

Regulatory Filings Dec 18, 2018

6859_rns_2018-12-18_c9aa06c7-9e87-41bb-b365-73ccb5f47214.pdf

Regulatory Filings

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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

F O R M 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2018

INTERNET GOLD-GOLDEN LINES LTD. (Name of Registrant)

2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of Principal Executive Office)

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-FForm 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):

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

YesNo

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

Internet Gold-Golden Lines Ltd.

EXPLANATORY NOTE

The following exhibits are attached:

99.1 Report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., itself a subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Immediate Report - Yes - Spacecom Agreement.

SIGNATURE

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.

INTERNET GOLD-GOLDEN LINES LTD. (Registrant)

By: /s/ Doron Turgeman

Doron Turgeman Chief Executive Officer

Date: December 17, 2018

EXHIBIT NO. DESCRIPTION

99.1 Report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., itself a subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Immediate Report - Yes - Spacecom Agreement.

Bezeq The Israel Telecommunications Corporation Ltd.

("Bezeq")

To: Israel Securities Authority Tel Aviv Stock Exchange Ltd.

Immediate Report Yes - Spacecom Agreement

Tel Aviv, Israel – December 17, 2018 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ), announced today that further to the Company's previous reports concerning the agreement between a subsidiary of the Company, D.B.S. Satellite Services (1998) Ltd ("yes"), and Space Communications Ltd ("Spacecom"), by which yes leases space segments on existing satellites Amos 3 and Amos 7 and as part of which Spacecom undertook to lease to yes space segments on the to-be-constructed satellite Amos 8 from the start of its operations ("the 2017 Agreement"); and concerning the notice by Spacecom in September 2018 that the agreement in which it had contracted for production of the Amos 8 satellite would be canceled and it was examining alternatives available to it in this connection since it was possible changes would be required in the 2017 Agreement; and in light of yes's assessment that cancellation of that contract is likely to lead to a postponement of the start of operations of Amos 8 from the intended date under the 2017 Agreement and yes's right under the 2017 Agreement not to lease segments on Amos 8 in the event of said delay, the Company announces as follows:

    1. After the Boards of Directors of yes and the Company received the recommendation of the Independent Committee appointed to assess the various alternatives available to yes ("the Committee"), notice was provided on December 16, 2018 to Spacecom that yes would not act to modify the 2017 Agreement and will retain its right not to lease segments in the event of the above said delay. In light of the foregoing, yes will continue to assess the various alternatives available to it.
    1. To the best of the Company's knowledge, as of the date of the Immediate Report and according to the information made available to the Company by Eurocom Communications Ltd, the controlling shareholder (indirectly) of the Company, which is in liquidation ("Eurocom Communications"), the relationship between it and Spacecom has been cut, since the court had appointed a receiver for the Spacecom shares held by Eurocom Communications ("Spacecom Shares in Receivership"), who is the holder of all the voting rights derived therefrom ("the Receiver"), and accordingly, in light of the fact as notified to the Company, the value of the collateral held by the Receiver including the value of the Spacecom Shares in Receivership, as of the date of the Immediate Report, does not exceed the size of the debt for which the Receiver was appointed. Therefore, as of the date of the Immediate Report, a modification of the 2017 Agreement is not a transaction in which Eurocom Communications has a personal interest.
  • Further to the foregoing, the Company's Board of Directors has decided upon ending the work of the Committee.

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.

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