Internet Gold Golden Lines

Internet Gold Golden Lines (Internet Gold) is a principal communication service group in Israel. The company was founded in 1992 and is headquartered in Israel.[2] It is a subsidiary of Eurocom Communications Ltd., owned by Shaul Elovitch. It has subsidiaries such as B Communications (formerly 012 Smile Communications) and GoldMind Ltd. (formerly Smile.Media Ltd.).[3][4] The company was formerly known as Euronet Golden Lines Ltd. and changed its name to Internet Gold - Golden Lines Ltd. in 1999.[2]

Internet Gold Golden Lines Ltd
TypePublic
Nasdaq: IGLD
Industrycommunication services
Founded1992
HeadquartersIsrael
Area served
Israel
Revenue$2.49 billion (As of 2013)[1]
Websitewww.igld.com

Background

The company operates in four areas including Bezeq Domestic Fixed-line Communications, Pelephone Communications ltd., Bezeq International Ltd. And D.B.S. Satellite Service Ltd.[5]

As of April 4, 2013, the company has a market capitalization of $789.67 million with an enterprise value of $3.79 billion.[1]

The company’s subsidiary, B Communications, is the controlling holder, holding 31.37% interest, of Bezeq, which is the largest communication service provider in Israel.[6] The company owns 75.3% interest of its subsidiary, 012 Smile Communications Ltd, which is one of Israel’s major Internet and international telephony service providers and the largest providers of enterprise/IT integration services.[7] In 2010, 012 Smile Communication completed the acquisition of all shares of Golden Lines Ltd.[8] Smile Media Ltd. is 100% owned by Internet Gold and is engaged in Internet portals and e-Commerce business.[7]

References
  1. "IGLD Key Statistics | Internet Gold Golden Lines Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-27.
  2. "LERC: Summary for Electro Rent Corp Common Stock- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-26.
  3. Wrobel, Sharon (12 February 2010). "012.Smile closes Bezeq deal". Jerusalem Post. Retrieved 17 November 2011.
  4. "012 Smile signs financing deal for Bezeq purchase". Ynetnews. Reuters. 13 February 2010. Retrieved 17 November 2011.
  5. "Internet Gold Golden Lines Ltd Reuters.com". Reuters.com. Archived from the original on 2009-11-01. Retrieved 2014-03-26.
  6. "Internet Gold Golden Lines Ltd.: NASDAQ:IGLD quotes & news". Retrieved 2014-03-26.
  7. "Internet Gold Announces: 012 Smile.Communications to Hold Conference Call on October 27th to Discuss Acquisition of Bezeq". Prnewswire.com. 2010-11-26. Retrieved 2014-03-26.
  8. "Internet Gold's Subsidiary Smile.Communications Completes Full Acquisition of 012 Golden Lines". Prnewswire.com. Retrieved 2014-03-26.

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