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B Communication

Regulatory Filings Aug 17, 2020

6676_rns_2020-08-17_22a63b5d-8441-4a31-9e75-d14fc57b7771.pdf

Regulatory Filings

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the month of August 2020

Commission File Number: 001-33773

B COMMUNICATIONS LTD.

(Translation of registrant's name into English)

144 Menachem Begin Street, Tel Aviv 649210, Israel (Address of principal executive offices)

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): ☐

CONTENTS

Report by Bezeq Subsidiary- Pelephone Wins Tender for Certain Frequencies in Advanced Bandwidth Cellular Services

On August 13, 2020, Bezeq The Israel Telecommunication Corporation Ltd. ("Bezeq"), a 26.34% subsidiary of B Communications Ltd. (the "Company"), reported to the Israel Securities Authority (the "ISA") and Tel Aviv Stock Exchange (the "TASE") that on August 12, 2020, its subsidiary Pelephone Communications Ltd. ("Pelephone") received notice of its winning a cluster of frequencies in a tender for advanced bandwidth cellular services that had been published by the Israeli Ministry of Communications.

A translated copy of the foregoing report of Bezeq is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K.

SIGNATURES

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.

Date: August 17, 2020 By: /s/ Tomer Raved

Name: Tomer Raved Title: Chief Executive Officer

2

EXHIBIT INDEX

The following exhibit is furnished as part of this Form 6-K:

Exhibit Description
99.1 English translation of Report by Bezeq to the ISA and TASE on August 13, 2020.

Bezeq The Israel Telecommunication Corporation Ltd. ("Bezeq")

August 13, 2020

To To The Israel Securities Authority The Tel Aviv Stock Exchange Ltd.

Dear Sirs,

Immediate Report: Pelephone Wins Frequencies as Part of 5G Frequency Tender

Bezeq hereby supplements the following prior reports:

  • Immediate Report dated July 15, 2019 regarding the publication of a tender by the Israeli Ministry of Communications for the allocation of additional frequency ranges including 5G frequencies; and
  • Annual Report for the 2019 year— Sections 3.8.2 and 3.18.5 of the description of Bezeq's business therein.

On August 12, 2020, Bezeq's subsidiary Pelephone Communications Ltd. ("Pelephone") notified Bezeq that the Tenders Committee of Pelephone received notice of winning a cluster of frequencies, following its participation in a tender for advanced bandwidth cellular services 2019/015 published by the Israeli Ministry of Communications (the "Tender"), as follows:

    1. Pelephone has won 10MHz in the 700MHz frequencies band (for a period of 15 years), 20MHz in the 2600MHz frequencies band (for a period of 10 years), and 100MHz in the 3500MHz frequencies band (for a period of 10 years) (collectively, the "Frequency Allocation"). The license period does not change by virtue of the Tender and can be renewed in accordance with the provisions of the license. The frequencies won by Pelephone are for the exclusive use of the Pelephone network, which will give the Pelephone network a competitive advantage. The Tender was not won by companies that do not own existing networks.
    1. The total cost of Pelephone's win in the Frequency Allocation is NIS 88,230,000, scheduled for repayment in September 2022. The Tender further stipulates that it will be possible to receive incentives, as detailed in Bezeq's previous reports, including receiving a conditional grant for the deployment of 5G sites according to the conditions specified in the Tender, the amount of which, for all winners thereof, can reach a total amount of NIS 200 million.

Receipt of a new license in accordance with the result of the win is subject to the approval of the Minister of Communications in accordance with the terms of the Tender.

The Frequency Allocation will enable supporting the increase in 4G browsing volume and will, in the future, offer 5G services at browsing rates much higher than today, which will allow, among other things, expanding the variety of advanced cellular uses, such as smart cities, IOT services, low-latency mission critical services, private networks and more, all in order to provide a competitive solution in the market, which will entail ongoing investments.

Sincerely yours,

Bezeq The Israel Telecommunication Corporation Ltd.

The above information constitutes a summary and translation of the Report published by Bezeq. The Hebrew version was submitted by Bezeq 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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