B Communications is a publicly traded holding company, headquartered in Israel

Israel

The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

, whose sole asset is a controlling interest in Israeli telecommunications provider Bezeq

Bezeq

Bezeq, the Israeli company for communications, is a telecommunications provider in Israel.Until the mid-first decade of the 21st century when it was owned by the Israeli government, Bezeq had a monopoly on landline telephony and Internet access infrastructure...

. Its shares are traded on the NASDAQ Global Select Market

NASDAQ

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

 and on the Tel Aviv Stock Exchange

Tel Aviv Stock Exchange

The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....

.

Operations

B Communications functions as a holding company of Bezeq The Israeli Telecommunication Corp Ltd.

Bezeq

Bezeq, the Israeli company for communications, is a telecommunications provider in Israel.Until the mid-first decade of the 21st century when it was owned by the Israeli government, Bezeq had a monopoly on landline telephony and Internet access infrastructure...

 It is a subsidiary of Internet Gold Golden Lines, itself a subsidiary of Eurocom Communications Ltd., owned by Shaul Elovitch

Shaul Elovitch

Shaul Elovitch is an Israeli businessman and the owner of Eurocom Group, one of the largest private holding groups in Israel.- Background :Shaul Elovitch was born in 1949 in Poland and made aliyah to Israel when he was two years old. He grew up in Tel Aviv and married at the age of 20...

.

History

In January 2010, as part of the deal to transfer the controlling interest in Bezeq from the Apax-Saban

Haim Saban

Haim Saban is an Egyptian born Israeli-American television and media proprietor. With an estimated net worth of $3.5 billion, he is ranked by Forbes as the 104th richest person in America.-Biography:...

-Arkin group to Eurocom, 012.Smile Communications Ltd. sold its telecom business assets to Ampal-American Israel Corporation

Ampal-American Israel Corporation

Ampal-American Israel Corporation is a holding company, which primarily acquires interests in businesses located in the State of Israel or that are Israel-related....

. Ampal renamed its newly acquired business 012 Smile Telecom, and 012.Smile Communications Ltd. was renamed B Communications. On 14 April 2010 B Communications completed the acquisition of 30.44% of Bezeq's shares for NIS 6.5 billion.

Management

Eli Holtzman, who served as 012.Smile's CEO since its founding, retired in 2011. Doron Turgeman, who had earlier served as the company's CFO

Chief financial officer

The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...

and deputy CEO, was appointed CEO in his stead.