Immediate report – Motion for certification of a class action against yes
September 5, 2023
Israel Securities Authority Tel Aviv Stock Exchange Ltd.
The Company hereby reports that on September 4, 2023, the subsidiary, yes Television and Communication Services Ltd. (“yes”) informed the Company that yes received notice regarding a motion for certification of a class action that was filed against yes, together with a lawsuit, with the Central-Lod District Court.
Pursuant to the allegations set out in the motion, yes has breached its commitments towards its customers who subscribed under the yes Unlimited plan, by not allowing them, as promised, free and full viewing, without additional payment, of all the channels that it broadcasts, whether they existed at the time of the engagement and whether they were added or will be added during the years of its broadcasts. In addition, the motion claims that yes charges additional payment for the set top boxes that support HD or 4K broadcasts despite its commitment to provide yes Unlimited content subscribers up to seven (7) set top boxes without additional fees, where the terms of the subscription is not limited to any type of set top box.
The motion notes that the class action is estimated to amount to NIS 107,318,800 with respect to all members of the class.
yes is currently studying the specifics of the motion and at this stage neither it and/or the Company is able to estimate the chances of it succeeding.
“Bezeq” The Israel Telecommunication Corp Limited
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.