Listed on Nasdaq and the Tel Aviv Stock Exchange, B Communications was founded in the 1990s, initially operating under the name 012 Smile. Back then, it was one of Israel’s earliest providers of internet services, but in 2009, the company agreed to buy 31% of Israeli telecommunications group Bezeq from a private consortium, comprising UK venture capital group Apax Partners and two wealthy Israeli entrepreneurs.
As part of the deal, B Communications was obliged to sell all its other assets to comply with Israeli competition law and it has remained a single asset business ever since.
