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Stock impact report

Internet Gold Reports Financial Results For the Second Quarter of 2019

INTERNET GOLD GOLDEN (IGLD) 
US:NASDAQ Investor Relations: igld.com
Company Research Source: GlobeNewswire
Ramat Gan, Israel, Aug. 29, 2019 (GLOBE NEWSWIRE) --  Internet Gold - Golden Lines Ltd. (the “Company”) (NASDAQ Global Select Market and TASE: IGLD), a holding company whose principal asset is a 51.95% stake in B Communications Ltd. (“B Communications”) (NASDAQ and TASE: BCOM), that owns 26.34% of the outstanding shares of Bezeq The Israel Telecommunication Corporation Limited, the leading communication group in Israel ("Bezeq") (TASE: BEZQ), today reported its financial results for the second quarter of 2019. In January 2019, the Company reported that because of its inability to generate funds by selling its ownership interest in B Communications, it intends to withhold payments to its debenture holders until further notice. As a result, the Company's long-term debt was classified as "short-term" debt. On June 24, 2019 the Company announced execution of a definitive agreement (the “SPA”) among the Company, B Communications, Searchlight II BZQ, L.P. (“Searchlight”) and T.N Show less Read more
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