Bezeq, the Israel Telecommunication Corp., B Communication's Controlled Subsidiary Updates Its 2015 Profit Forecasts

B Communications Ltd. (NASDAQ Global Select Market and TASE: BCOM) announces that its controlled Subsidiary, Bezeq, the Israel Telecommunication Corp. (TASE: BEZQ), has updated its 2015 Group Profit forecasts, as follows:

• The Net profit attributable to Bezeq’s shareholders is expected to be approximately NIS 1.7 billion.

The execution and realization of the Bezeq’s transaction with Eurocom DBS for the acquisition of Eurocom DBS’s entire holdings in DBS (YES) as well as the amendment to the special collective labor agreement will not affect the forecast.

The forecasts are based on the assessments, assumptions and expectations of Bezeq, and in addition - the forecasts do not include the effects of provisions related to early retirement of employees.

Doron Turgeman, CEO of B Communications said today, “We are very pleased with Bezeq announcement and with the fact that Bezeq will probably hit and improve its 2015 net profit gaudiness. Bezeq, continues to provide its investors a steady return that enhances its investors' overall financial position and capabilities.”

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