July 31, 2014 7:43 PM ET

Internet Software and Services

Company Overview of 013 Netvision Ltd

Company Overview

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

Israel

Phone:

972 3 900 1861

Fax:

972 3 900 1113

Key Executives for 013 Netvision Ltd

President and Chief Executive Officer
Age: 50
Chief Financial Officer
Executive Vice President
Compensation as of Fiscal Year 2014.

013 Netvision Ltd Key Developments

Cellcom Israel Announces Approval of a Settlement Agreement in a Class Action and a Purported Class Action against 013 Netvision Ltd

Cellcom Israel Ltd. announced that the Israeli Supreme Court approved a settlement agreement executed and reported in May 2012. The settlement agreement related to: a lawsuit approved as a class action in November 2010 (and appealed to the Israeli supreme Court) against 013 Netvision Ltd. or Netvision, a wholly owned subsidiary of the company, 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 Netvision; and 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, Netvision and another defendant will provide certain long distance prepaid calling cards, free of charge, for an aggregate amount which is not material to the company, 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.

Cellcom Israel Ltd. and 013 Netvision Ltd Faces Purported Class Actions Suit

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.

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