Bcom Sells Entire Bezeq Stake

B Communications (“Bcom”) announced today (Tuesday) the sale of its entire holdings in Bezeq, for
approximately NIS 2.7 billion (US $860 million), following demand of more than NIS 8 billion (US $2.5
billion) from leading Israeli and global tier-I institutional investors. This transaction represents the
largest secondary block trade ever executed on the Tel Aviv Stock Exchange. The sale, which was
executed in accordance with the amended control permit granted to the company and its control
shareholders on November 11, 2025, was priced at NIS 6.2 per share – an approximately 2% discount
to today’s closing price. Citibank acted as sole global coordinator, with Jefferies and Leader Capital
Markets serving as joint bookrunners.

Upon completion, the representatives of Bcom’s controlling shareholders on Bezeq’s Board of Directors
– Mr. Darren Glatt, Senior Partner at Searchlight who led the transaction and Chairman of Bcom, and
Mr. Ran Fuhrer – will step down. Bezeq’s Chairman, Mr. Tomer Raved, will remain in his role, continuing
to lead the Group’s strategic execution.

Since Searchlight assumed control in 2019, Bezeq has undergone a substantial value-creation process.
Bezeq’s market capitalization has risen by approximately 250%, while Bcom’s share price has
appreciated by more than 300%.

Bezeq’s Q3 2025 results highlight the momentum and strong performance resulting from this strategic
plan: core revenues now account for 93% of total Group’s revenues, adjusted net profit increased by
approximately 56%, and adjusted EBITDA grew by 14%.

During this period, Bezeq completed one of Israel’s largest-ever infrastructure projects – connecting 2.9
million households to fiber infrastructure and launching nation-wide 5G services. The Group also
advanced key regulatory reforms aimed at improving service quality for Bezeq customers while
strengthening the Group’s profitability.

In recent years, Bezeq resumed dividend distributions, reopened access to foreign investors, and
maintained strong financial resilience, including low leverage, robust liquidity and high credit ratings –
enhancing the financial flexibility of both Bezeq and Bcom.

Darren Glatt, Senior Partner at Searchlight Capital and Bcom’s Chairman: “This transaction
reflects the substantial progress Bezeq has delivered in recent years. We are proud of the
significant value generated for shareholders, the strengthened financial and operational position
of the Group, and its positive impact on Israeli communications sector. Under the continued
leadership of Chairman Tomer Raved and Bezeq’s management team, we believe the Group is well
positioned for further growth. We thank our partners in Israel and globally for their trust and
cooperation throughout this period.”