AI assistant
B Communication — Regulatory Filings 2016
Jul 18, 2016
6676_rns_2016-07-18_627f3a2e-1c0e-4fed-99b8-6f85da127887.pdf
Regulatory Filings
Open in viewerOpens in your 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 July 2016
B COMMUNICATIONS LTD.
(Name of Registrant)
2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of Principal Executive Office)
Indicate by checkmarkwhether 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 checkmarkif the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):☐
Indicate by checkmarkif the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):☐
Indicate by checkmarkwhether 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- __________
B COMMUNICATIONS LTD.
EXPLANATORY NOTE
The following exhibit is attached:
99.1 A 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 - Immediate Report - Award of Tender for the Provision of Cellular Services to Government Employees to Pelephone Communications Ltd.
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: July 18, 2016
EXHIBIT NO. DESCRIPTION 99.1 A 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 - Immediate Report - Award of Tender for the Provision of Cellular Services to Government Employees to Pelephone Communications Ltd.
To: The Tel Aviv StockExchange The Israeli Securities Authority
Immediate Report - Award of Tender for the Provision of Cellular Services to Government Employees to Pelephone Communications Ltd. ("Pelephone")
The Company hereby reports that on July 14, 2016 a new online tender was conducted by the Accountant General in the Ministry of Finance, for the provision of cellular services to government employees (the "tender").
The subsidiary, Pelephone, which has for several years been providing cellular services to the government and its employees, further to previous tenders won by it, participated in this tender as well, which it won after being ranked in first place. Accordingly, Pelephone will continue to serve as the main provider of cellular services to government employees.
According to the terms of the tender, Pelephone is to provide cellular services to an estimated 100,000 subscribers in the civil service over a period of three years (with an option for extensions by the government for a total of 45 months beyond the 36 basic months). In addition, Pelephone is to supply approximately 10,000 end devices.
The award of this additional tender to Pelephone is expected to net it further significant income over the term of the agreement. However, the reduction in prices in the reverse bidding stage as well as the Accountant General's decision to hold separate tenders from time to time for the procurement of end equipment beyond the 10,000 devices that were included in the tender (a component that was included in its entirety in the previous tender) is expected to result in a substantial decrease in Pelephone's revenues and resulting profit compared to the revenues and profit in the previous tender. In other words, apart from the end equipment for which no tenders have yet been held, revenues from cellular services according to the tender are projected to be significantly lower than current revenues from the same services.
The forecasts by Pelephone and the Company as set out in this immediate report are forward-looking information, as defined in the Securities Law, 5728-1968. The forecasts are based on assessments, assumptions and expectations of Pelephone which might not be realized or could be realized in a different manner than described above.
Theabovesummaryconstitutesatranslated summaryofImmediateReportpublished bytheCompany.TheHebrew versionwassubmitted bythe Companyto therelevantauthoritiespursuantto Israelilaw,and representsthebinding version and theonlyonehaving legaleffect.This translationwasprepared for conveniencepurposesonly.