Immediate Report - Pricing of Wholesale Market Services.pdf671.6 KB

Bezeq - The Israel Telecommunications Corp. Ltd.

(the "Company")

September 7, 2022

Attn.

Israel Securities Authority

The Tel Aviv Stock Exchange Ltd.

Dear Madam/Sir,

Immediate Report - Pricing of Wholesale Market Services

Further to sections 2.16.1.8 and 2.16.12.2 of the chapter Description of Company Operations in the Company's Periodic Report for 2021 regarding the Ministry's intention to introduce a new pricing process for all wholesale rates in 2022, the Company reports that on September 6, 2022, the Company received a letter from the Director General of the Ministry of Communications, which includes notification of the introduction of a pricing process for wholesale market services -adjustment and request for information (the "Notice").

Attached to the Notice was a request for information from Axon Partners Group, which the Ministry chose to provide consulting services to assist in the construction of a cost model that will serve as a basis for the adjusted rates for the wholesale market.

According to the Notice, the work process will proceed according to the following stages:

  1. Collecting information from license holders
  2. Construction of the economic model based on pricing methodology, formulating an updated list of wholesale services, and setting maximum payments for wholesale services based on the model to be published for a hearing (the hearing on the cost model is expected to be published in the first quarter of 2023)
  3. Resolution and amendment to the Regulations

At this stage, the Company is unable to assess the results of the future hearing and its consequences.

Yourssincerely,

Bezeq The Israel Telecommunications 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.

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Bezeq The Israel Telecommunication Corporation Ltd. published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 09:19:09 UTC.