About Bezeq
Bezeq is a company based in Tel Aviv (Israel) founded in 1984 by Stav Rotman Hirsh was acquired by Searchlight Capital in June 2019.. The company has 5,420 employees as of December 31, 2024. Bezeq has completed 2 acquisitions, including CloudEdge and Yes. Bezeq operates in a competitive market with competitors including KPN, FPT Telecom, Ciena, Hong Kong Broadband Network and CenturyLink, among others.
- Headquarter Tel Aviv, Israel
- Employees 5420 as on 31 Dec, 2024
- Founders Stav Rotman Hirsh
- Stage Public
-
Sectors
Telecommunications
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Bezeq The Israel Telecommunication Corp. Ltd.
-
Annual Revenue
$2.44 B (USD)-2.41as on Dec 31, 2024
-
Net Profit
$293.42 M (USD)-9.84as on Dec 31, 2024
-
EBITDA
$1.04 B (USD)-1.87as on Dec 31, 2024
-
Latest Funding Round
$249.42 M (USD), Debt – Conventional
Jul 11, 2019
-
Investors
Elliott Management
& 1 more
-
Employee Count
5420
as on Dec 31, 2024
-
Investments & Acquisitions
CloudEdge
& 1 more
-
Acquired by
Searchlight Capital
(Jun 20, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Bezeq
Bezeq is a publicly listed company on the TASE with ticker symbol BEZQ in Israel, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Software Development Team
24 people
Data Analysis and Operations Team
6 people
Leadership Team
6 people
Product Management Team
6 people
Network Team
4 people
Project Team
4 people
Creative and Marketing Team
3 people
Human Resources and Administration
3 people
Unlock access to complete
Funding Insights of Bezeq
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $249.4M
-
First Round
First Round
(16 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Bezeq | Valuation |
investors |
|
| Dec, 2018 | Amount | Debt – Conventional - Bezeq | Valuation |
investors |
|
| Mar, 2018 | Amount | Debt – Conventional - Bezeq | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bezeq
Bezeq has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Elliott Management and Searchlight Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by the hedge fund.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Bezeq
Bezeq has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CloudEdge and Yes. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
IT service suite solutions are provided by CloudEdge in Israel.
|
2018 | ||||
|
Satellite television and broadband internet services are provided in Israel.
|
2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Bezeq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bezeq Comparisons
Competitors of Bezeq
Bezeq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KPN, FPT Telecom, Ciena, Hong Kong Broadband Network and CenturyLink, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile and fixed-line telecommunication services are provided across Europe.
|
|
| domain | founded_year | HQ Location |
Broadband internet, IPTV, and data services are offered in Vietnam.
|
|
| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
|
|
| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
|
|
| domain | founded_year | HQ Location |
Datacenter colocation, communication technology, and managed services are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Bezeq
Frequently Asked Questions about Bezeq
When was Bezeq founded?
Bezeq was founded in 1984 and raised its 1st funding round 34 years after it was founded.
Where is Bezeq located?
Bezeq is headquartered in Tel Aviv, Israel.
Who is the current CEO of Bezeq?
Nir David is the current CEO of Bezeq.
How many employees does Bezeq have?
As of Dec 31, 2024, the latest employee count at Bezeq is 5,420.
What is the annual revenue of Bezeq?
Annual revenue of Bezeq is $2.44B as on Dec 31, 2024.
What does Bezeq do?
Founded in 1984 and headquartered in Tel Aviv, Israel, Bezeq operates in the telecommunications sector. Fixed-line domestic communications are managed, encompassing infrastructure, transmission, billing, and space leasing for other operators. Mobile services, high-speed internet, and pay TV are also delivered. A subsidiary handles submarine telecommunication cable links to support broader connectivity.
Who are the top competitors of Bezeq?
Bezeq's top competitors include KPN, Ciena and Community Fibre.
Is Bezeq publicly traded?
Yes, Bezeq is publicly traded on TASE under the ticker symbol BEZQ.
Who are Bezeq's investors?
Bezeq has 2 investors. Key investors include Elliott Management, and Searchlight Capital.
What is Bezeq's ticker symbol?
The ticker symbol of Bezeq is BEZQ on TASE.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.