06/21/2021 | Press release | Distributed by Public on 06/21/2021 13:40
Further to the Company's Immediate Report dated February 25, 2021 concerning the separation of broadband service infrastructure and Internet access service (ISP) and the description of the matter in section 1.7.2.2 of the chapter containing a description of the Company's business operations in the Company's 2020 periodic report, a supplementary immediate report is hereby provided that on June 20, 2021 the Company received the ruling of the Minister of Communications in the hearing, whereby the separation would be cancelled for private customers between broadband service infrastructure and Internet access service (ISP), the main points of which are according to the following outline:
Up until the beginning of the preparation period the licenses of the infrastructure owners will be modified and it will be stipulated that they are authorized to provide 'Internet' service as an integral service to private customers from the Determining Date. The modifications to the license will be subject to a hearing and the hearing will be limited to arguments in this matter alone. Similarly, by the start of the preparation period the Ministry will determine provisions that will apply to service providers that will allow them to provide ISP service in order to reflect the provision of Internet service that includes elements of broadband infrastructure to private consumers.
Below is a link to the publication of the Ministry of Communications in Hebrew concerning the ruling, as published on the Ministry's website:
https://www.gov.il/he/departments/news/20062021
The Company estimates that achievement of the process whereby the Company will be able to offer integrated, end to end Internet service is expected to have a positive effect on its business. In respect of the subsidiary Bezeq International Ltd., the process is likely to have an adverse effect on its results. The total impact on the Group in the coming years is expected to be positive.
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.