SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2006
INTERNET GOLD-GOLDEN LINES LTD.
(Name of Registrant)
1 Alexander Yanai Street Petach-Tikva, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-__________
Internet Gold-Golden Lines Ltd.
6-K Items
1. Press Release re Internet Gold's Smile.Media and Teddy Productions to
Create Internet Video Company dated November 15, 2006.
ITEM 1
Press Release Source: Internet Gold
Internet Gold's Smile.Media and Teddy Productions to Create
Internet Video Company
Wednesday November 15, 9:00 am ET
PETACH TIKVA, Israel, November 15 /PRNewswire-FirstCall/ -- Internet Gold,
(Nasdaq: IGLD; TASE: IGLD) today announced that smile.media ltd., its
fully-owned subsidiary, has signed an agreement with Teddy Productions, one of
Israel's leading entertainment production groups, to establish an internet video
company. The new company will establish an Israeli internet video portal and
will produce a broad range of internet video programs. smile.media will hold
50.1% of the new company and the owners of Teddy Productions will hold the
remaining 49.9%.
Teddy Productions is owned by Tmira and Dudu Yardeni, who for the past three
decades have been pioneering leaders of Israel's entertainment and media
industries. Today, Teddy Productions produces a variety of television/media
programs and live events. It also has exclusive relationships with leading
Israeli artists and pop-media talents.
"We are excited to partner with Teddy Productions to benefit from the exciting
internet video phenomenon," said Eli Holtzman, Internet Gold's CEO. "Throughout
the world, internet video is attracting huge audiences and commanding a growing
portion of internet media budgets. The Israeli market, with more than 95% of all
Internet users hooked up via broadband, is ripe for this cutting-edge
entertainment format. We believe that leading video sites will become a fertile
source of revenues over the next few years as larger portions of advertising
budgets are being shifted from traditional off-line media to the internet. Our
strategic plan is to develop a wide variety of unique video content which will
be promoted in synergy with our broad range of e-media properties to achieve
leadership in this important and growing source of advertising revenues.
"In teaming up with Teddy, we will benefit from the brand, talent and content
properties that they have developed over the last 30 years and their deep
understanding of Israeli entertainment tastes. Together, we will create a unique
internet video portal, extending smile.media's positioning as Israel's #1
internet media group," Mr. Holtzman concluded.
About Internet Gold
Internet Gold is Israel's leading IP Group with a major presence across all
Internet-related sectors. Its smile.communications segment offers a variety of
Internet access and related value-added services, international telephony and
enterprise/IT integration services. Its smile.media segment manages a growing
portfolio of Internet portals and e-Commerce sites. Internet Gold has entered
into an agreement to acquire 60% of the control and equity in 012 Golden Lines
Ltd ("012") based on a valuation of US$ 140 million. 012 is a major Internet
Service Provider with revenues of $ 138.8 million in 2005 and is also a leader
in Israel's Voice Over Broadband domestic telephony.
The agreement is subject to the approval of both boards of directors and the
relevant regulatory authorities. According to the agreement, following the
acquisition, 012 will merge with IGLD's Communications activities.
Internet Gold is part of the Eurocom Communications Group. Its shares trade on
the Nasdaq National Market and on the Tel Aviv Stock Exchange.
For additional information about Internet Gold, please visit its investors' site
at www.igld.com.
Certain statements made herein that use the words "estimate," "project,"
"intend," "expect," "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including, among others,
changes in general economic and business conditions and specifically, decline in
demand for the Company's services, inability to timely develop and introduce new
technologies, services and applications and loss of market share and pressure on
prices resulting from competition. For additional information regarding these
and other risks and uncertainties associated with the Company's business,
reference is made to the Company's Annual Report filed with the Securities and
Exchange Commission and its other reports as filed from time to time with the
Securities and Exchange Commission.
For further information, please contact:
Lee Roth
KCSA Worldwide
+1-212-896-1209
In Israel:
Mor Dagan
Investor Relations
+972-3-516-7620
Ms. Idit Azulay, Internet Gold
+972-3-939-9848
idita@co.zahav.net.il
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
INTERNET GOLD-GOLDEN LINES LTD.
(Registrant)
By /s/Eli Holtzman
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Eli Holtzman
Chief Executive Officer
Date: November 15, 2006