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B Communication — Regulatory Filings 2014
Aug 20, 2014
6676_rns_2014-08-20_efe6951c-4740-4277-ad6f-f94a8c685ef6.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 August 2014
B COMMUNICATIONS 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 T 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): 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)(7): o
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 T
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
B COMMUNICATIONS LTD.
The following exhibit is attached:
99.1 An immediate report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Regulation of Retail Services - Secondary Hearing.
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/ Doron Turgeman Doron Turgeman Chief Executive Officer
Date: August 20, 2014
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 An immediate report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Regulation of Retail Services - Secondary Hearing.
EXHIBIT 99.1
Bezeq - The Israel Telecommunication Corp. Ltd. (the “Company”),
To: The Tel Aviv Stock Exchange The Israeli Securities Authority
- Regulation of Retail Services Secondary Hearing
-
Further to the Ministry of Communications Hearing Document from 15 January, 2014 concerning the format of the provision of retail services and maximum rates for their provision on the company’s network, with respect to which the company issued an immediate report that same day, on 19 August, 2014 the company received a secondary hearing for the provision of retail services and the setting of the rate for retail services on Bezeq’s network (the “ Secondary Hearing ”).
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In accordance with this secondary hearing, the minister of communications is considering regulating the maximum rates for the provision of services on the company’s network as specified below (the rates are for the years 2014-2018; the rates are in terms of 2013 prices and will be linked to the cost-of-living index):
| 2014 | 2015 | 2016 | 2017 | 2018 | Unit | |
|---|---|---|---|---|---|---|
| Access service – without telephony | 32.74 | 32.47 | 32.43 | 32.35 | 32.31 | NIS per line per month |
| Access service – including telephony | 39.93 | 39.74 | 39.64 | 39.62 | 39.67 | NIS per line per month |
| Subloop unbundling service | 18.35 | 18.94 | 19.54 | 20.16 | 20.79 | NIS per line per month |
| Data transfer service on the network’score | 32.04 | 25.06 | 19.72 | 15.45 | 11.70 | NIS per MB per month |
| Data transfer in multicast configuration1 | 18,548 | 14,501 | 11,229 | 8,649 | 6,609 | NIS per MB per month |
| Creating a phone call | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | NIS per minute |
| Access service to the cane2 | 396 | 396 | 396 | 396 | 396 | NIS per km. per month |
| First unlit fiber on a line | 449 | 449 | 449 | 449 | 449 | NIS per km. per month |
| Additional unlit fiber on a line (up to atotal of 4 fibers) | 3.41 | 3.25 | 3.17 | 3.04 | 2.97 | NIS per km. per month |
| Technician house call service | 158 | 158 | 158 | 158 | 158 | NIS per visit |
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A draft version of the regulations was attached to the Secondary Hearing providing for the retail services specified in the hearing, the requirement of ownership of the infrastructure to provide such services and the maximum price offered concerning each service on the company’s network. Additional documents were also attached to the Secondary Hearing.
-
The company was invited to submit its response to the secondary hearing by 9 September, 2014.
-
The company is reviewing the hearing documents, including many details that require a complex analysis of all the effects of the proposed regulation on the company. At this stage, on the face of things, the company estimates that the implementation of the above regulation will have a negative impact on the company’s financial results. At the same time, alongside this impact the company estimates that, considering the possibility of the cancellation of the structural separation and the cancellation of the supervision of the company’s rates – cancellations that are anticipated following the regulation of the retail market – there will likely also be positive impacts on the company.
The above information constitutes a translation of 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.
1 The price for reaching clients connected to a maximum of 1,000 MSAG boxes. The prices for greater numbers of MSAG boxes are stated in the draft regulations. 2 Including access to heights, boxes and poles.