Immediate Supplementary Report - Publication for public comments of the Draft Economic Plan for 2020
Bezeq – The Israel Telecommunication Corp. Ltd.
The Israel Securities Authority The Tel Aviv Stock Exchange
Immediate Supplementary Report – Publication for Public Comments of the Draft Economic Plan for 2020 – Promotion of Nationwide Deployment of Advanced Communication Infrastructures in Israel
Further to the Company's immediate report of November 6, 2019 regarding the publication for public comments of the recommendations of the Inter-Ministerial Team to Examine the Policy for Deployment of Fixed-Line Ultra-Broadband Infrastructures in Israel, and to the immediate report of June 15, 2020 regarding the recommendations of the Inter-Ministerial Committee Concerning the HOT Group, and further to the description of the matter in section 2.7.2 of the chapter titled "Description of the Company's Business" in the Company's periodic report for 2019, an immediate report is hereby issued, stating that on July 5, 2020 the Company learned of the publication for public comments (on July 2, 2020) of the draft Economic Plan for 2020, which includes inter alia:
- A proposed government decision to amend the Communications (Telecommunications and Broadcasting) Law, 5742-1982 on a series of topics related to the promotion of nationwide deployment of advanced communication infrastructures in Israel.
- In this context, it was stated that note would be taken of the announcement by the Communications Minister that the Ministry of Communications would complete, within 90 days, an evaluation of the re-regulation of the Israeli retail Internet market, including abolition of the separation of Internet services into infrastructure services and Internet access services (ISP), considering the need to balance between market competition and the consumer's best interests and to simplify the purchase of Internet services in Israel for the end users, including recommendations for appropriate transitional provisions to maintain market competition, to the extent needed.
Below is the link to the Hebrew notice including the draft Economic Plan (Communications chapter on pages 81-88):
Bezeq The Israel Telecommunications Corp. Ltd.
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