Immediate Supplementary Report - Consent to certification of class action
Immediate Supplementary Report
Consent to Certification of Class Action
Tel Aviv, Israel – March 4, 2019 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ), announced that further to the Company's Immediate Report dated November 5, 2015 and the description in section 2.18(D) of the chapter containing a description of the corporation’s business affairs in the Company’s periodic report for 2017, concerning a motion to certify a class action in which it was claimed that the Company abused its monopoly position and prevented competition in the telecommunications market, inter alia by acting to delay and thwart reform of the wholesale market, notice is given in this Supplementary Immediate Report that on March 3, 2019 the Company informed the court that in the light of the expected changes to the judicial panel if the petition for approval is accepted , it agrees to the court’s proposal to approve the application to treat the claim as a class action without a reasoned decision being handed down in this case by the court, while reserving all its arguments for the actual claim.
It should be noted that in that notice, the Company updated the court that on February 25, 2019 it filed an administrative petition against the decision of the Director General of the Ministry of Communications dated December 27, 2018 concerning the supervisory report and financial sanction concerning the wholesale telephony market (see the Company's Immediate Report dated December 29, 2018).
The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law, and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.