B Communications

What B Communications does

B Communications Ltd. (TASE: BCOM; OTCMKTS: BCOMF) is an Israeli public holding company that, until November 2025, derived its value solely from a controlling stake in Bezeq, The Israel Telecommunication Corporation Ltd. (TASE: BEZQ) — Israel's largest telecommunications group, providing fixed-line, mobile (Pelephone), satellite TV (yes), broadband, and international communications services. The company historically consolidated Bezeq's operating revenue through majority ownership, with revenue mechanics driven by Bezeq's recurring subscription contracts to Israeli consumers and businesses. B Communications itself did not operate technology, products, or services; it functioned as a capital-structure vehicle for shareholder exposure to Bezeq.

Following a Q4 2019 change of control under Searchlight II BZQ L.P. (66.6% controlling stake) alongside T.N.R Investments Ltd. (12.6%), B Communications refinanced and fully repaid NIS 2 billion of corporate debt while its share price appreciated by more than 315%. The company increased its Bezeq stake to 27.37% through incremental purchases in 2023 and 2024. On 18 November 2025, B Communications sold its entire Bezeq stake for approximately NIS 2.7 billion, was reclassified as a wrapper/shell company (חברת מעטפת) on 23 November 2025, and was transferred to the TASE maintenance list on 26 November 2025. On 17 December 2025, shareholders approved an interim distribution of approximately NIS 2.8 billion (USD ~760 million) at NIS 26.5 per share as part of the voluntary liquidation proceeding.

As of the most recent disclosure, B Communications is in active voluntary liquidation with no operating assets, no products, no proprietary technology, and no ongoing revenue streams. Its remaining function is the orderly distribution of Bezeq-sale proceeds and residual cash to public shareholders. The company's investor-relations infrastructure (corporate website, TASE filings, email alerts, LinkedIn, Instagram) serves only to communicate wind-down mechanics to retail and institutional investors.

Name

B Communications

Legal name

B Communications Ltd.

Website

https://bcommunications.co.il

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

B Communications Ltd. (TASE: BCOM) is an Israeli public holding company that held the controlling stake in Bezeq, Israel's largest telecom, until selling it in November 2025 for ~NIS 2.7 billion. It is now in voluntary liquidation, distributing ~NIS 2.8 billion (~USD 760M) at NIS 26.5 per share to its public shareholders.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Consolidated revenue from Bezeq subsidiary (historical): Until November 2025, B Communications consolidated the operating revenue of its controlled subsidiary Bezeq, The Israel Telecommunication Corporation Ltd. (TASE: BEZQ) — Israel's largest telecom group — covering fixed-line telephony, mobile (Pelephone), satellite TV (yes), broadband internet, and international communications services sold primarily on recurring monthly contracts to Israeli consumers and businesses.
2. Liquidation distribution proceeds: After selling its entire Bezeq stake for approximately NIS 2.7 billion in November 2025 and being classified as a shell company (חברת מעטפת), B Communications entered voluntary liquidation. An interim distribution of approximately NIS 2.8 billion (~$760 million) at NIS 26.5 per share was approved by shareholders on 17 December 2025.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

B Communications Ltd. (TASE: BCOM; OTCMKTS: BCOMF) is an Israeli publicly-traded single-asset holding company whose sole historical asset was the controlling interest in Bezeq, The Israel Telecommunication Corporation Ltd. (TASE: BEZQ), Israel's largest telecommunications group. In November 2025, the company sold its entire Bezeq stake for approximately NIS 2.7 billion and was reclassified as a shell/wrapper company (חברת מעטפת). It is currently executing a voluntary liquidation, with an approved interim distribution of approximately NIS 2.8 billion (~$760 million) at NIS 26.5 per share to shareholders.

Product overview

B Communications Ltd. (TASE: BCOM) is a single-asset Israeli holding company, not an operational product business or software platform. Its only product-equivalent asset was its controlling stake in Bezeq (The Israel Telecommunication Corporation Ltd., TASE: BEZQ), which it held until selling the entire stake in November 2025. There are no distinct software modules, sub-products, add-ons, APIs, or service offerings under the B Communications brand — the company's offering is limited to its corporate function as a listed holding entity undergoing voluntary liquidation, with its sole historical asset being the Bezeq stake described above.

Differentiator

Problem solved

Functional benefit

Products and services

• B Communications Ltd. (TASE: BCOM) publicly-traded holding-company vehicle

Quantifiable outcome

• +315% increase in share price since the Q4 2019 change-of-control restructuring
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bezeq, The Israel Telecommunication Corporation Ltd.flagshipStrategic or Co-development PartnerBezeq The Israel Telecommunication Corp. Ltd. (TASE: BEZQ) was the sole asset and core controlled subsidiary of B Communications until November 2025, when B Communications sold its entire controlling stake for approximately NIS 2.7 billion as part of its voluntary liquidation. Bezeq is Israel's largest and leading telecommunications group, providing fixed-line telephony, mobile (Pelephone), satellite TV (yes), broadband internet, and international communications services.

Scale indicators8 records

Recent moves7 records

Expansion highlights1 record

Broad incumbents

• Cellcom Israel Ltd. Major Israeli mobile and fixed-line telecom operator. Comparable as a publicly listed Israeli telecom whose equity value provides a market reference for Israeli telecom valuations that historically underpinned BCOM.
• Bezeq The Israel Telecommunication Corporation Ltd. Israel's largest telecom group (fixed-line, mobile via Pelephone, satellite TV via yes, broadband) and the former controlled operating subsidiary of B Communications. Relevant as the underlying Israeli telecom exposure that drove BCOM's value.
• Partner Communications Company Ltd. Israeli mobile operator (Partner/012) listed on TASE and NASDAQ. Comparable as a publicly listed Israeli telecom peer, providing a sector benchmark relevant to BCOM's former Bezeq exposure.

Direct peers

• Discount Investment Corporation Ltd. Israeli holding company with diversified telecom/media/real-estate holdings. Comparable as an Israeli publicly listed single-controller holding-company structure similar to BCOM's wrapper-company vehicle.
• IDB Holdings (IDBH) Ltd. Israeli conglomerate that underwent major debt restructuring and asset divestitures. Comparable as a publicly listed Israeli holding entity undergoing significant structural change.
• Ampal-American Israel Corporation: Israeli holding company that pursued an orderly wind-down and shareholder distributions. Comparable as a small Israeli holding company executing a shareholder-return liquidation strategy similar to BCOM's current path.
• Eurocom Holdings: Israeli private holding company controlled by Shaul Elovitch that historically held controlling stakes in telecom/media assets (including Bezeq and yes). Most directly comparable single-asset Israeli telecom holding vehicle to B Communications.
• Delek Group Ltd. Israeli holding company with controlling stakes across energy, fuel retail, and other assets. Comparable as a TASE-listed Israeli holding company with concentrated controlling-shareholder governance.

Regional players

• Internet Gold – Golden Lines Ltd. Former Israeli holding company that owned 012 Golden Lines (acquired by BCOM in 2006) and other telecom assets. Comparable as an Israeli telecom-holding vehicle historically linked to BCOM's corporate history.

Others

• Searchlight Capital Partners (fund vehicles): Global TMT-focused private-equity firm controlling B Communications via Searchlight II BZQ L.P. (66.6%). Relevant as the controlling shareholder whose other portfolio holdings (TMT, infrastructure) shape comparable PE-led telecom exits.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bcom1
• Instagraminstagram.com/bcommunications9

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about B Communications