Cash Position: As of June 30, 2012, Internet Gold’s unconsolidated cash and cash equivalents totaled NIS 322 million ($ 82 million), its unconsolidated gross debt was NIS 1.16 billion ($ 296 million), and its unconsolidated net debt totaled NIS 839 million ($ 214 million).

Internet Gold's Unconsolidated Balance Sheet Data*
    June 30,     December 31,     June 30,     December 31,
2012 2011 2012 2011
(NIS millions) (US$ millions)
Short term liabilities 149 135 38 34
Long term liabilities 1,012 985 258 251
Total liabilities 1,161 1,120 296 285
Cash and cash equivalents 322 343 82 87
Total net debt 839 777 214 198

* Does not include the balance sheet of B Communications.

Internet Gold Second Quarter Consolidated Financial Results

Internet Gold's revenues for the second quarter were NIS 2,595 million ($ 661 million), a 10% decrease compared with NIS 2,895 million ($ 738 million) reported in the second quarter of 2011. For both the current and the prior-year periods, Internet Gold's revenues consisted almost entirely of its share of Bezeq’s revenues.

If you liked this article you might like

Disappointing Quarterly Reports From Verizon Pull Down Telecommunications Sector

Here's Who Else Qualcomm Could Seek to Acquire, Apart From NXP

Micron and Qualcomm Are Great Bargains

Micron and Qualcomm Are Great Bargains

Top 10 Best-Performing Dividend Stocks in the Third Quarter

3 Stocks Driving The Telecommunications Industry Higher