Internet Software and Services
Company Overview of 013 Netvision Ltd
013 Netvision Ltd. engages in the provision of Internet services in Israel. The company also provides information security, hosting, anti-virus services, Website filtering, domestic and international calls, call center, outsourcing, and international telephony services, as well as offers complex Internet and Intranet, and integrated communications networks. It serves banks, government offices, newspapers, academic institutions, telecom companies, and industrial and high-tech companies, as well as business parks. The company is based in Rosh Ha’ayin, Israel. 013 Netvision Ltd. is a subsidiary of Cellcom Israel.
15 Hamelacha Street
Rosh Ha’ayin, 48091
Key Executives for 013 Netvision Ltd
President and Chief Executive Officer
Compensation as of Fiscal Year 2012.
013 Netvision Ltd Key Developments
Cellcom Israel Ltd. and 013 Netvision Ltd Faces Purported Class Actions Suit
Aug 30 12
Cellcom Israel Ltd. announced that two purported class actions were filed in August 2012, one against the company and the other against the company's subsidiary. A purported class action was filed against the company and two other cellular operators, alleging the defendants breached the Israeli Consumer Protection Regulations regarding replaced parts for repaired handsets. If the lawsuit is certified as a class action, the total amount claimed from all defendants is estimated by plaintiffs to be ILS 120 million without attributing any specific amount of claims to each defendant separately. A purported class action was filed against 013 Netvision Ltd., a wholly owned subsidiary of the company, and four other long distance operators, alleging the defendants charged their subscribers for a call initiation segment in violation of their license. If the lawsuit is certified as a class action, the total amount claimed from all defendants is estimated by plaintiffs to be ILS 56 million without attributing any specific amount of claims to each defendant separately. At this preliminary stage, the company is unable to assess the lawsuits' chances of success.
013 Netvision Ltd Announces Settlement Agreement in Class Action
May 31 12
Cellcom Israel Ltd. announced the execution of a settlement agreement in (1) a lawsuit approved as a class action in November 2010 (and appealed to the Israeli supreme Court) against 013 Netvision Ltd, a wholly owned subsidiary of Cellcom Israel Ltd., and two other long distance operators, for a total claimed amount of approximately ILS 2.2 billion, of which approximately ILS 818 million was attributed to the company, and (2) a purported class action filed against the same defendants in February 2012, for an amount of approximately ILS 2.7 billion claimed from each of the defendants. The plaintiffs in both the class action and the purported class action alleged that the defendants misled the purchasers of certain long distance prepaid calling cards as to the amount of minutes included in those cards. Under the settlement agreement, the company and another defendant will provide certain long distance prepaid calling cards, free of charge and will further provide certain information in relation to the usage of the cards. The third defendant is not a party to the settlement agreement. The settlement agreement is subject to the approval of the Israeli Supreme Court.
Cellcom Israel Announces Purported Class Action Filed Against the 013 Netvision Ltd
Feb 19 12
Cellcom Israel Ltd. announced that a purported class action lawsuit was filed against 013 Netvision Ltd, a wholly owned subsidiary of the company, and certain other long distance Israeli operators, in the District Court of Tel Aviv-Jaffa, by a plaintiff alleging that the defendants misled the purchasers of prepaid cards for international calls in relation to certain bonus minutes. The total amount claimed from Netvision (and from each of the other defendants), if the lawsuit is certified as a class action, is estimated by the plaintiff to be at least ILS 2.7 billion. At this preliminary stage, Netvision is unable to assess the lawsuit's chances of success.
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