AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Internet Gold-Golden Lines Ltd.

Regulatory Filings Jun 28, 2017

6859_rns_2017-06-28_e6bd15d3-34f8-44e9-979b-0ddb90f7929e.pdf

Regulatory Filings

Open in Viewer

Opens in native device viewer

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 June 2017

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.

The following exhibit is attached:

99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications, itself a subsidiary of Internet Gold.

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: June 28, 2017

EXHIBIT NO. DESCRIPTION

99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications, itself a subsidiary of Internet Gold.

Bezeq The Israel Telecommunication Corporation Ltd. ("the Company")

To: To:
The Israel Securities Authority The Tel Aviv Stock Exchange Ltd.

Immediate Report; Hearing on Supervisory Mechanism for Company's Rates

On June 27, 2017 the Company received a hearing letter concerning the supervisory mechanism for Company rates, sent by the Director General of the Ministry of Communications, as part of the implementation of the Ministry of Communications' policy as stated in a policy document of the Minister of Communications dated May 2, 2012 concerning the expansion of competition in the fixed line sector - wholesale market ("the Hearing").

    1. According to the Hearing documents two alternatives are being considered by the Ministry for the supervisory mechanism for existing rates for telephony over regular telephone lines supplied to the private and small businesses sector ("Regular Lines"), of which the main points follow:
    2. 1.1. Alternative 1:

To convert the existing supervisory method that sets fixed rates to maximum rates. Setting the level of maximum rates for the main telephony services (telephone line - NIS 57.92 including VAT, and 1.87 agorot including VAT for calls) would be done in relation to the updated costs structure based on the report of the international consulting firm Frontier Economics. In most additional services the existing rate will become the maximum rate and supervision of rates will be removed from some in accordance with demand levels for the service and the various alternatives on the market.

1.2. Alternative 2:

To remove supervision on rates from the main telephony services - line and telephone calls, and from additional services that today are supervised as part of the fixed rates. In this alternative it is proposed setting, in accordance with section 15(A) of the Communications Law (Bezeq and Broadcasts), 1982, a maximum price for a "supervised package" that would be offered by the Company to subscribers interested in that service, in order to mitigate the concern about price rises due to lack of supervision. The "Supervised Package" would include a telephone line and call minutes and would be similar to the package of payments most in demand offered by the Company today, and accordingly will be suitable for most subscribers. The price of the Supervised Package will be NIS 49.90 per month (including VAT) and will include up to 300 minutes of calls per month to all domestic numbers, including both fixed line and mobile, and a payment of 18 agorot (including VAT) for each additional minute. Similarly, in accordance with the provisions of section 17 of the Communications Law, the Company will be entitled to collect a reasonable price for services for which a payment has not been set in the regulations.

    1. Similarly, it is proposed that existing subscribers of the alternative payments package for the "Kav Kal" (Light Line) service can, if they so wish, continue to receive the terms of that package whereas new subscribers would not be able to join it.
    1. In addition, according to the Hearing documents, the Ministry of Communications is considering setting a single alternative for the supervisory mechanism for telephony rates on PRI channels supplied to the medium and large businesses sector and cancelling supervision of rates on the calls.
    1. The Company is studying the Hearing documents and estimates it will submit its responses by July 30, 2017 as requested. The Company is unable at this point to estimate the impact on the Company of the change in the supervisory mechanism being considered in the Hearing, if such change will be implemented.

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.

Talk to a Data Expert

Have a question? We'll get back to you promptly.