Regulatory Filings • Dec 23, 2016
Regulatory Filings
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For the month of December 2016
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-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): ☐
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.
Yes ☐ No ☒
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ___________
99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications, itself a subsidiary of Internet Gold - Immediate Report - Cancellation of Structural Separation Obligation.
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 23, 2016
3
99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications, itself a subsidiary of Internet Gold - Immediate Report - Cancellation of Structural Separation Obligation.
| To: | To: |
|---|---|
| The Israel Securities Authority | The Tel Aviv Stock Exchange Ltd. |
Further to the Company's disclosure in sections 1.7.2 and 1.7.3 of the Description of the Company's Business Activities in the periodic report for the year 2015 and the updates to such sections in the report for the third quarter of 2016, the Company reports that on December 22, 2016 notice was received from the Director General of the Ministry of Communications dated December 21, 2016 regarding "Cancellation of the structural separation obligation in the Bezeq Group" (the "Notice").
Pursuant to the Notice the Ministry of Communications, in the first stage, is advancing the cancellation of the corporate separation in the Bezeq Group, such that the activities of Bezeq's subsidiary companies will be structured under a single corporate entity with divisional separation between each of the activities, while the regulatory guidelines regarding structural separation between the different activities, currently set in the Company's license, will be maintained in their competitive aspects.
The Notice states that the aforesaid is subject to the Company's commitment to invest in infrastructure, according to which the Company will accelerate the deployment of a broadband network (fiber optics) in order to launch the service at the beginning of 2017 and set an accelerated deployment plan for 76% of households within three years, as well as meet the full universal deployment obligation at a date to be determined.
The Company's commitment will be formalized in the amended license regarding the cancellation of the corporate separation. It will also include an amendment to the engineering addendum to its license regarding the plan for deployment of a fiber optic network, including timetable, with emphasis on deployment in the periphery and rural areas which will be implemented concurrently with the cancellation of the structural separation.
According to the Notice, the Ministry of Communications clarified that in addition to the aforesaid, it intends to hold a hearing during 2017 regarding the procedures for the cancellation of the structural separation.
The Company is examining the prospect of implementing the aforementioned cancellation of corporate separation.
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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