SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2005
INTERNET GOLD-GOLDEN LINES LTD.
(Name of Registrant)
1 Alexander Yanai Street Petach-Tikva, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_________
Internet Gold-Golden Lines Ltd.
6-K Items
1. Press Release re Internet Gold Acquires 50% of TIPO, Israel's Leading
Children's Portal dated August 23, 2005.
Item 1
Press Release Source: Internet Gold
Internet Gold Acquires 50% of TIPO, Israel's Leading Children's Portal
Tuesday August 23, 1:00 am ET
PETACH TIKVA, Israel, August 23 /PRNewswire-FirstCall/ -- Internet Gold (NASDAQ:
IGLD - News) today announced that Goldmind, Internet Gold's subsidiary, has
acquired a 50% interest of Hype Active Media Ltd ordinary shares ("Hype") and
50.1% of Hype's management shares. Hype is the owner and operator of TIPO
(tipo.co.il), Israel's leading children's portal. In July 2005, TIPO achieved
approximately 30 million page views, making it Israel's highest rated portal
targeting children aged 8-15. Hype's founders will continue to hold the
remaining of Hype's shares, and to take an active role in its operations. Mr.
Eli Holtzman, CEO of Internet Gold, has been named the company's new chairman.
"This acquisition is another step in our efforts to expand Internet Gold's
leadership position in Israel's rapidly growing Internet Advertising market,"
said Mr. Eli Holtzman, CEO of Internet Gold, who has been named the company's
new chairman. "With Internet Advertising already accounting for about 4% of
Israel's total advertising expenditures, advertisers are recognizing the
benefits of this highly-targeted media, and TIPO offers them a superb channel
for reaching a highly desirable demographic. By bringing Internet Gold's
experienced sales organization to this proven channel, we believe we will be
able to expand the revenues of both organizations significantly."
Launched in 2003, TIPO offers a broad selection of exciting content and
youth-oriented applications, including web-based e-mail, instant messaging,
chat-rooms and forums, as well as personal website building and hosting
services. During July 2005, approximately 551,000 individual users visited TIPO.
Mr. Holtzman added, "In addition to advertising, TIPO has established additional
revenue streams, including the sale of cellular content to its users. This
ideally positions TIPO to address the growing icon and ringtone download market,
which we believe will continue to experience rapid growth -- especially in
Israel where the penetration of cellular phones is above 100%. We are confident
that TIPO will immediately begin to contribute to our revenues and profits in
the third quarter and are very pleased with this acquisition."
About Internet Gold
Internet Gold is a communications company that provides Internet access and
related value-added services, international telephony, e-advertising, content
and e-Commerce services throughout Israel to both residential and business
customers.
Internet Gold's operations are carried out through four subsidiaries. Through
MSN Israel, its (50.1% owned) joint-venture with Microsoft Corp. (49.9% owned),
the Company operates several of Israel's Internet portals. Its fully-owned
subsidiary, Internet Gold International, specializes in the provision of
international Internet and communication services. Its fully-owned subsidiary,
GoldMind, focuses on the provision of Internet value-added services. Through
GoldTrade, its fully-owned e-commerce subsidiary, the Company has established
itself as one of Israel's leading e-commerce providers.
For additional information about Internet Gold, please visit our Website at
www.igld.com
Certain statements made herein that use the words "estimate," "project,"
"intend," "expect," "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks and uncertainties which could cause the actual results,
performance or achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including, among others,
changes in general economic and business conditions and specifically, decline in
demand for the Company's services, inability to timely develop and introduce new
technologies, services and applications and loss of market share and pressure on
prices resulting from competition. For additional information regarding these
and other risks and uncertainties associated with the Company's business,
reference is made to the Company's Annual Report filed with the Securities and
Exchange Commission and its other reports as filed from time to time with the
Securities and Exchange Commission.
For further information, please contact:
Ms. Idit Azulay, Internet Gold
+972-3-939-9848
idita@co.zahav.net.il
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
INTERNET GOLD-GOLDEN LINES LTD.
(Registrant)
By /s/Eli Holtzman
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Eli Holtzman
Chief Executive Officer
Date: August 23, 2005