Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Israel
  4. TEL AVIV STOCK EXCHANGE
  5. Bezeq The Israel Telecommunication Corp. Ltd
  6. News
  7. Summary
    BEZQ   IL0002300114

BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD

(BEZQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Bezeq Israel Telecommunication : Immediate Report - Amendment to agreement between yes and Spacecom

07/11/2021 | 09:12pm EDT
Download PDF254.7 KB

Further to sections 5.16 and 5.19.3.4 of the chapter containing a description of the Company's business operations in the Company's 2020 periodic report ('the Periodic Report') dated March 24, 2021, the Company provides an update that on July 8, 2021 an amendment was signed to the agreement between yes and Spacecom in respect of the satellite segments that yes leases from Spacecom ('the Amendment to the Agreement' and 'the Agreement', respectively). According to the Amendment to the Agreement, inter alia, the lease period for segments on the Amos 7 satellite has been extended to February 2024, and yes is entitled to an additional extension of six months.

Contracting for the Amendment to the Agreement extends the contract period in which yes will lease satellite segments in two satellites so that yes will have backup available, in the event of non-availability of one of the satellites, in the other satellite, at terms as stipulated in the Agreement (as stated in section 5.19.3.4 of the Periodic Report). Contracting for the Amendment to the Agreement does involve a material increase in cost for the Group.

The Amendment to the Agreement coming into effect is conditional upon receipt of notice from Spacecom of fulfillment of the conditions precedent stipulated in the Agreement signed between Spacecom and the owner of the rights of satellite Amos 7, which as of this date has not yet been received.

Yours sincerely,

'Bezeq' The Israel Telecommunication Corp Limited

The above information constitutes a translation of theImmediate Reportpublished by the Company. The Hebrew version wassubmitted by the Company tothe relevant authorities pursuant to Israeli law, and represents the bindingversion and the only onehaving legal effect. This translation was preparedfor convenience purposes only.

Disclaimer

Bezeq The Israel Telecommunication Corporation Ltd. published this content on 11 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 01:11:01 UTC.


ę Publicnow 2021
All news about BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD
09/02BEZEQ ISRAEL TELECOMMUNICATION : Immediate Supplementary Report – Ruling of Minister..
PU
09/01BEZEQ ISRAEL TELECOMMUNICATION : Immediate Supplementary Report - Announcement of industri..
PU
08/30BEZEQ ISRAEL TELECOMMUNICATION : Immediate Report - Announcement of general strike at Pele..
PU
08/23BEZEQ ISRAEL TELECOMMUNICATION : Immediate Report - Settlement agreement in class action a..
PU
08/22BEZEQ ISRAEL TELECOMMUNICATION : Immediate Report - Motion to Certify a Class Action
PU
08/12BEZEQ ISRAEL TELECOMMUNICATION : Immediate Report -Collective agreement for DBS Satellite ..
PU
08/12BEZEQ ISRAEL TELECOMMUNICATION : Immediate Report - Structural change in subsidiaries Beze..
PU
08/12Bezeq the Israel Telecommunication Corp. Ltd Reports Earnings Results for the Second Qu..
CI
08/03BEZEQ ISRAEL TELECOMMUNICATION : Supplementary Immediate Report – Work stoppages at ..
PU
08/01BEZEQ ISRAEL TELECOMMUNICATION : Announces Second Quarter 2021 Conference Call and Webcast..
PU
More news
Financials
Sales 2021 8 769 M 2 743 M 2 743 M
Net income 2021 1 164 M 364 M 364 M
Net Debt 2021 5 989 M 1 873 M 1 873 M
P/E ratio 2021 9,05x
Yield 2021 -
Capitalization 10 647 M 3 328 M 3 330 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,86x
Nbr of Employees 5 408
Free-Float 73,2%
Chart BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD
Duration : Period :
Bezeq The Israel Telecommunication Corp. Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 3,85 ILS
Average target price 4,97 ILS
Spread / Average Target 29,0%
EPS Revisions
Managers and Directors
David Mizrahi Chief Executive Officer
Tobias Fischbein Chief Financial Officer
Gil Sharon Chairman
Itzik Ben Eliezer Vice President-Information & Network Technology
Eyal Kamil Vice President-Operations & Logistics