Release Details

MOC approves use of B35 technology to double Internet speeds

July 12, 2020

Bezeq – The Israel Telecommunication Corp. Ltd.

("Company")

The Israel Securities Authority       The Tel Aviv Stock Exchange

Immediate Report – Ministry of Communications approves use of
B35 technology on the Internet

Further to section 2.7.2 of the chapter titled "Description of the Company's Business" in the Company's periodic report for 2019 and to the update of that section in the Company's quarterly report for the period ended on March 31, 2020, regarding the Company's application to the Ministry of Communications to allow it to use the B35 technology (an expansion of the xDSL technology, that enables a significant increase and even doubling of the Internet speeds on the Company's existing copper infrastructure, as a function of the distance from the telecommunications cabinet ("Company's sites") where the technology is installed), an immediate report is hereby issued stating that on July 12, 2020 the Company received approval of the Ministry of Communications for the use of this technology.

In accordance with the ministry's approval, the service will be launched four months after distribution of the service interface to the ISPs.

The technology has already been integrated in some of the Company's sites, with the Company planning to expand deployment to additional sites in the coming period. However, due to the technology's attributes, deployment will be partial (in the Company's estimation, to some 230,000 subscribers) and will not cover all the Company's sites.

At present, the Company plans to launch a broadband speed of up to 200 Mbps (versus a current speed of up to 100 Mbps) for customers connected to sites where the said technology has been deployed.

At this stage, among other reasons, due to the limited scope of deployment planned, the launch of the new speed is not expected to materially affect the Company's revenues.

Sincerely,

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.

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