Glancy Prongay & Murray LLP Commences Investigation on Behalf of Bezeq The Israel Telecommunication Corporation Limited Investors

LOS ANGELES--()--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Bezeq The Israel Telecommunication Corporation Limited (“Bezeq” or the “Company”) (OTC: BZQIY) concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Bezeq investigation page on our website at www.glancylaw.com/case/bezeq.

On June 20, 2017, the Israel Securities Authority (“ISA”) raided and inspected the Company's offices on suspicion of securities law violations by Bezeq's chairman and majority shareholder, Shaul Elovitch. The ISA noted that it is investigating possible misconduct “with regards to transactions related to [Shaul Elovitch].” And, an Israeli business publication reported that the ISA is investigating the merger of Bezeq's television unit with its parent company, as well as payments the unit made to Eurocom, a Elovitch controlled company, under pressure from Elovitch.

On this news, Bezeq's American Depositary Receipt price fell $0.37, or 4.12%, to close at $8.61 on June 20, 2017

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased Bezeq securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

Release Summary

Glancy Prongay & Murray LLP Commences Investigation on Behalf of Bezeq The Israel Telecommunication Corporation Limited Investors

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Contacts

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com