NASDAQ, BCOM - B Communications Ltd
Prior to our October 2007 public offering, we were a wholly-owned subsidiary
of Internet Gold, a public company traded on the NASDAQ Global Market and the
Tel Aviv Stock Exchange, whose shares are included in the TASE-100 Index.
Internet Gold currently owns approximately 72.83% of our ordinary shares. In
November 2004, Internet Gold became our sole shareholder after purchasing our
ordinary shares from our prior shareholders. As part of its internal
restructuring in 2006, Internet Gold transferred its communications and media
operations into two operating subsidiaries. Internet Gold transferred to us its
broadband and traditional voice services businesses, which we refer to in this
annual report as the Communications Business. Internet Gold transferred its
media business and we transferred certain media assets, including P1000.co. ...
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