Bezeq The Israel Telecommunication Corp.
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Bezeq The Israel Telecommunication Corp. - overview
Established
1980
Location
Holon, -, Israel
Primary Industry
Telecoms
About
Based in Israel, Bezeq The Israel Telecommunication Corp. provides a range of telecommunications services including internet, communication, and electricity solutions for both residential and business sectors. Founded in 1980 in Holon, Israel, Bezeq The Israel Telecommunication Corp. operates primarily in the telecommunications sector.
The company has undergone significant changes, including a controlling stake acquisition by Searchlight Capital Partners in November 2019, marking a pivot in its ownership structure. The company has engaged in three deals, with its most recent deal on June 21, 2019, involving a TRADE SALE for USD 1,750 mn, bringing its total amount raised to USD 1,750 mn. Abdulla Faham serves as CEO and also as one of the founders alongside Ilan Sigal and Ran Guron. Bezeq offers a comprehensive range of telecommunications services, including high-speed fiber optic internet plans under the Bfiber series.
These plans provide various options from 1 Gbps to 5 Gbps, featuring AI-enabled routers that meet WiFi 7 standards, enhancing connectivity while ensuring cyber protection. The company caters to individual households, small businesses, and larger enterprises, addressing the demand for reliable internet access in urban areas of Israel. In 2023, Bezeq reported revenue of USD 2,473. 30 mn, with an EBITDA of USD 760.
22 mn, driven primarily through subscription-based services for its internet and telecommunications products. The company's flexible pricing strategies attract a diverse customer base, maintaining a consistent revenue stream. Bezeq plans to continue enhancing its product offerings, particularly through the launch of new high-speed internet solutions tailored for emerging market demands. The company aims to expand its services into new geographic regions, particularly targeting underserved urban areas in Israel.
Recent funding will be utilized to support these expansion efforts, focusing on infrastructure improvements and technology upgrades, following the controlling stake acquisition by Searchlight Capital Partners.
Current Investors
Searchlight Capital Partners
Primary Industry
Telecoms
Sub Industries
Internet Service Providers, Telecoms Providers & Services
Website
www.bezeq.co.il
Total Amount Raised
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Bezeq The Israel Telecommunication Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Bezeq The Israel Telecommunication Corp. | - | ||||||||
| Trade Sale | Completed | Bezeq The Israel Telecommunication Corp. | - | ||||||||
| PIPE | Completed | Bezeq The Israel Telecommunication Corp. | - |
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