Bezeq - Immediate Report - Ministry of Communications announcement concerning yes
Ministry of Communications announcement concerning yes
Tel Aviv, Israel – July 11, 2018 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ), announced that it received notice from a subsidiary, D.B.S Satellite Services (1998) Ltd ("yes"), that a draft was published of the Communications Law (Bezeq and Broadcasts) (Regulation of Content Suppliers) (Amendment No.__), 2018 (“the Draft”).
According to the Draft, the purpose of the proposed law is changes to the format of regulations in the multi-channel television market and its adjustment to technological developments, so that the regulations will apply to suppliers of audio-visual content that provide content to the Israeli public, from a certain level of revenue while encouraging competition and reduction of the regulatory burden.
In this matter, see section 5.1.2 of the Description of the Company’s Business in the Company’s 2017 Periodic Report.
It is clarified that this is the start of a legislative process and there can be no certainty that the Draft will culminate in binding legislation in its proposed wording or at all. The full text of the Draft can be seen on the Israel Government Portal.
Neither the Company nor yes can assess at this point the implications arising from the Draft and they will be examining them in the coming days.
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.