_________ false

C003	בי קומיוניקיישנס בע"מ		2
Public	B COMMUNICATIONS LTD
	8210	Corporation no: 512832742
	Stock Exchange/Market: בי קומיוניקיישנס
	2508
	381	Dov Friedman 2 , Ramat-Gan 52503 , Israel , Israel
	Tel: 072-2003848 , 03-7530104 Fax: 03-9399832
	E.mail address: idita@co.zahav.net.il	Date of transmission: 03/01/2011
		Time of broadcast: 12:41 12:40:17
	Company site: www.bcommunications.co.il	Reference: 2011-02-003648

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Other Report or Announcement

Regulation 5 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on Form of Immediate Report of Bezeq - The Israel Telecommunication Corp. Ltd., or Bezeq, a controlled subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Midroog places Bezeq Aa1 rating on Watch List with Negative implications.

BCOM_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):

Previous names of reporting entity: 012 SMILE.COMMUNICATIONS LTD

Date of revision of form structure: 30/12/2010

Name of the Signatory: : Barlev Ami , Position of Signatory in the reporting corporation: Legal Adviser , Name of Employer Company: Eurocom communications Ltd .

Dov Friedman Telephone: 03-7530104 , Facsimile: 03-7530083 , E-mail: amiba@eurocom.co.il 2