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B Communication — Regulatory Filings 2016
Mar 27, 2016
6676_rns_2016-03-27_f1d32ddd-f020-491c-ac89-53f046971a52.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 March 2016
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 ☒ 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- __________
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 - Supplementary Immediate Report - Decision of the Cable and Satellite Council.
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: March 24, 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 - Supplementary Immediate Report - Decision of the Cable and Satellite Council. |
Bezeq - The Israel Telecommunication Corp. Ltd. (the "Company")
To: The Tel Aviv Stock Exchange The Israeli Securities Authority
Supplementary Immediate Report - Decision of the Cable and Satellite Council
Further to the immediate report dated December 31, 2015 and to the supplementary report dated February 15, 2016 (Reference: 2016-01-028153), the Company wishes to report that on March 22, 2016 the subsidiary DBS Satellite Services (1998) Ltd. ("YES") received the decision of the Council for Cable TV and Satellite Broadcasting ("the Council") of March 10, 2016 dealing with the setting of a special deals policy and application of transparency guidelines. The following are the main points of the decision:
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- Each main special deal (a deal including the broad basic package, the narrow basic package or any other basic package that will be offered in the future) will be priced for a defined and fixed period of 4 to 18 months only ("the First Price Period") during which no price increase will be allowed.
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- However, it will be possible to grant an additional discount during the first four months of the First Price Period.
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- It will not be possible to cancel a special deal during the First Price Period, unless this is permitted by law.
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- It will be possible to agree in advance with a subscriber on the price that will apply after the First Price Period, subject to the following conditions: (a) The continuation prices must be set out in the rules and regulations of the special deal for which the subscriber signed up; (b) YES may adjust the continuation prices only for linkage to the CPI, where this has been specified in the rules and regulations of the special deal; (c) YES must give the subscriber a written notice during the period of notification specified in Section 13A of the Consumer Protection Law, 5741-1981 ("the Consumer Protection Law"), and it must also give notice in this regard in an invoice and via an SMS as prescribed in the Consumer Protection Law; (d) Following the expiration of the First Price Period YES may terminate the special deal in a notice given at least 30 days in advance.
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- Each main special deal must be published on the website (excluding special retention offers). It is not mandatory to publish bonuses and compensation offers (the Council has authorized the Chairman of the Council to reach agreements also on publication to people who do not subscribe to Internet services).
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- The customer service centers must offer subscribers the best special deals that are relevant to them.
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- The provisions of the decision will not apply at this point to business customers and to customer groups allowing economies of scale, including kibbutzim, workers' committees and the like.
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- The Council does not plan to forbid differentiation between special deals targeting new customers and those targeting existing customers.
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- A preparatory period of three months has been set, which the Chairman of the Council has been authorized to extend if he considers this necessary.
The Company and YES are studying the details of the decision, and they are unable at this point to assess its impact.
The above summary constitutes a translated summary 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.