Internet Gold Golden Lines Ltd - Report of Foreign Issuer (6-K)
August 20 2008 - 1:32PM
Edgar (US Regulatory)
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 2008
INTERNET GOLD-GOLDEN LINES LTD.
(Name of Registrant)
1 Alexander Yanai Street Petach-Tikva, 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 [X] 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 [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-__________
Internet Gold-Golden Lines Ltd.
6-K Items
1. Immediate Report filed with the Israel Securities Authority and the
Tel Aviv Stock Exchange August 20, 2008.
ITEM 1
Internet Gold-Golden Lines Ltd.
(the "Company")
August 20, 2008
To: Tel Aviv Stock Exchange To: Israeli Securities Authority
Re: Immediate Report
BUSINESS NEWS
FOR IMMEDIATE RELEASE
012 Smile.Communications Announces Implementation
of the Gronau Committee Recommendations
PETACH TIKVA, Israel, August 20 2008 - Internet Gold (Nasdaq NMS and TASE: IGLD)
reports that it's subsidiary 012 Smile.Communications (NASDAQ Global market and
TASE: SMLC), a growth-oriented provider of communication services in Israel,
today announced that Israel's Minister of Communications declared his decision
to implement the recommendations of the Gronau Committee for the increased
competition in the communication market. The declaration constitutes (among
others) the following decisions:
1. Increase the competition within the Israel cellular communication
market, by granting MVNO licenses.
2. Cellular operators will not be allowed to enter the international long
distance market unless an international communication services provider
will be granted an MVNO license, and subject to changes in the tariffs
of the international calls made by cellular phone users.
3. Increase the competition within the landline communication services, by
enforcing Local Loop Unbundling (LLU) of the infrastructure of Bezeq,
The Israel Telecommunication Corp. Ltd., the incumbent local telephony
provider in Israel. Following such LLU, Bezeq's subsidiaries will be
allowed to offer bundled services, subject to several additional terms
and conditions.
If fully implemented, these changes will allow 012 Smile.Communications
to compete in the mobile market and in the IPTV sector and improve its
competitive position in the domestic land lines market.
About Internet Gold
Internet Gold is one of Israel's leading communications groups with a major
presence across all Internet-related sectors. Its 72.4% owned subsidiary, 012
Smile.Communications Ltd., is one of Israel's major Internet and international
telephony service providers, and one of the largest providers of enterprise/IT
integration services. Its 100% owned subsidiary, Smile.Media Ltd., manages a
growing portfolio of Internet portals and e-Commerce sites.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks
and uncertainties. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to, general
business conditions in the industry, changes in the regulatory and legal
compliance environments, the failure to manage growth and other risks detailed
from time to time in Company's filings with the Securities Exchange Commission.
These documents contain and identify other important factors that could cause
actual results to differ materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are cautioned not to
place undue reliance on these forward- looking statements, which speak only as
of the date on which they are made. We undertake no obligation to update
publicly or revise any forward-looking statement.
For further information, please contact:
Mor Dagan - Investor Relations
mor@km-ir.co.il / Tel: +972-3-516-7620
Ms. Idit Azulay, Internet Gold
idita@co.smile.net.il / Tel: +972-72-200-3848
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.
INTERNET GOLD-GOLDEN LINES LTD.
(Registrant)
By /s/Eli Holtzman
---------------
Eli Holtzman
Chief Executive Officer
Date: August 20, 2008
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