B Communication — Capital/Financing Update 2010

Sep 1, 2010

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 September 2010

B COMMUNICATIONS LTD.

(Name of Registrant)

2 Dov Friedman Street, Ramat Gan 52503, 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 x Form 40-F o

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 o No x

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

This Form 6-K is being incorporated by reference into the Registrant’s Form S-8 Registration Statement File No. 333-150173.

B COMMUNICATIONS LTD.

The following exhibit is attached:

99.1 Immediate Report dated September 1, 2010, of Bezeq The Israel Telecommunication Corp. Ltd. ("Bezeq"), a controlled subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange, with respect to Bezeq completing a NIS 700 million debt financing through loans from Israeli banks.

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.

B COMMUNICATIONS LTD. (Registrant)

By: /s/ Eli Holtzman Eli Holtzman Chief Executive Officer

Date: September 1, 2010

EXHIBIT INDEX

EXHIBIT NO.99.1	DESCRIPTIONImmediate Report dated September 1, 2010, of Bezeq The Israel Telecommunication Corp. Ltd. ("Bezeq"), a controlled subsidiary of the Registrant, filed withthe Israel Securities Authority and the Tel Aviv Stock Exchange, with respect to Bezeq completing a NIS 700 million debt financing through loans fromIsraeli banks.

EXHIBIT 99.1

Bezeq the Israel Telecommunication Corp. Ltd.

To: The Tel Aviv Stock Exchange

To: The Israeli Securities Authority

Immediate Report Bezeq Completed NIS 700 Million Debt Financing

Tel Aviv, Israel – September 1, 2010 – Bezeq The Israel Telecommunication Corp., Limited (TASE: BEZQ), Israel’s leading telecommunications provider (The: "Company"), announced today that the Company completed today a NIS 700 million debt financing through loans from Israeli banks, payable within an average term of 4.78 years.