December 22, 2014 1:12 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 Ltd. Files Lawsuit Against Netvision Ltd

Cellcom Israel Ltd. announced that the Israeli Supreme Court dismissed with prejudice an appeal filed in 2011 against the dismissal with prejudice of a purported class action filed against Netvision Ltd. and other defendants, regarding on-line auctions of goods. The total amounts claimed from the defendents, had the lawsuit been certified as class action wasn't quantified by the plaintiffs. In addition, a purported class action was filed against 013 Netvision Ltd., or Netvision in relation to sums Netvision allegedly wrongfully charged its subscribers, relating to their payment method. The total amounts claimed from Netvision, if the lawsuit is certified as class action is estimated by the plaintiff to be over NIS 50 million (and under certain mistaken assumptions detailed elsewhere in the lawsuit- over NIS 1 billion).

Netvision Reports Earnings Results for the Second Quarter Ended June 30, 2014

Netvision reported earnings results for the second quarter ended June 30, 2014. For the period, the company reported total revenues of ILS 234 million and operating income of ILS 69 million. EBITDA for the quarter was at ILS 90 million.

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.

Similar Private Companies By Industry

Company Name Region
Morovus LTD Middle East/Africa
DoAlbums, Inc. Middle East/Africa
WikiWand Middle East/Africa
Hevre.co.il Middle East/Africa
AcceloWeb Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact 013 Netvision Ltd, please visit www.013netvision.net.il. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.