IGLD's Subsidiary 012 Smile.Communications Has Applied to the Israeli Ministry of Communications to Enter the Mobile Market in I
March 20 2008 - 3:30AM
PR Newswire (US)
PETACH TIKVA, Israel, March 20 /PRNewswire-FirstCall/ -- Internet
Gold - Golden Lines ltd (NASDAQ Global Market and TASE: IGLD)
announced today that its subsidiary 012 Smile.Communications Ltd.
(NASDAQ Global Market and TASE: SMLC) reported that following the
public disclosure of the recommendations of the Gronau Committee to
the Minister of Communications, it has applied to the Minister of
Communications to extend its current licenses and/or to receive
additional ones for the following services: - Cellular services as
an MVNO (mobile virtual network operator) - Mobile communication
services through WiMax and WiFi technology - IP based mobile
communication services (Cellular VoB) - ISP services over GSM 012
Smile.Communications believes that such requests to the Minister of
Communications is in accordance with the recommendations of the
Gronau Committee with respect to encouraging competition in the
mobile segment. 012 Smile.Communications noted that currently there
are no similar issued licenses or a legal mechanism to obtain such
licenses and that the Minister of Communications may not accept any
or all of the recommendations of the Gronau Committee and may view
such recommendations in a different manner from the approach taken
by it in its application. About Internet Gold Internet Gold is one
of Israel's leading communications groups with a major presence
across all Internet-related sectors. Its 72.4% owned subsidiary,
012 Smile.Communications Ltd., is one of Israel's major Internet
and international telephony service providers, and one of the
largest providers of enterprise/IT integration services. Its 100%
owned subsidiary, Smile.Media Ltd., manages a growing portfolio of
Internet portals and e-Commerce sites. Forward-Looking Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to, general business conditions in the
industry, changes in the regulatory and legal compliance
environments, the failure to manage growth and other risks detailed
from time to time in Company's filings with the Securities Exchange
Commission. These documents contain and identify other important
factors that could cause actual results to differ materially from
those contained in our projections or forward-looking statements.
Stockholders and other readers are cautioned not to place undue
reliance on these forward- looking statements, which speak only as
of the date on which they are made. We undertake no obligation to
update publicly or revise any forward-looking statement. For
further information, please contact: Lee Roth - KCSA Worldwide /
Tel: +1-212-896-1209 Mor Dagan - Investor Relations /
Tel:+972-3-516-7620 Ms. Idit Azulay, Internet Gold / Tel:
+972-200-3848 DATASOURCE: Internet Gold CONTACT: For further
information, please contact: Lee Roth - KCSA Worldwide, / Tel:
+1-212-896-1209; Mor Dagan - Investor Relations, /
Tel:+972-3-516-7620; Ms. Idit Azulay, Internet Gold, / Tel:
+972-200-3848
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