Yellow Pages (100%)
The company was founded in 1968 in order to develop classified telephone directories at he initiative of Morris Kahn and ITT. In 1973, Kahn acquired complete control of the company. In 1981, the company won an Ministry of Communications tender to produce telephone directories and has been a golden goose for Aurec.
Golden Channels
Founded ten years ago. 70% of the company is owned by Aurec, 30% is owned by Yediot Aharonot. The original partnership was with Tadiran, but Tadiran got out early. Recently also acquired 50% of cable television company Idan.
Golden Lines
International communications provider which launched operations on July 8, 1997. Along with Aurec and SBC, Monitin and Italian company Stat are also partners.
Maximedia
Founded in 1969 and currently including four companies: Golden Wheels, the franchisee for advertising on busses, the franchisee for advertising on directional signs and street posts in more than forty local authorities (both companies are jointly owned with Poalim Investments, Barak Printing, which prints the groups posters, and two-year-old Golden Signage, jointly owned with Monitin Publishing, which owns a few hundred billboards.
AIG Golden Insurance
Company markets direct insurance, began operations in May 1997. Aurec is an equal partner US insurance company American International Group (AIG). Here Aurec did battle with the insurance companies, which still act as if they are a members-only club.
Visa-AlphaCard
An Aurec (33%) - First International Bank (66%) partnership to market Visa credit cards, separate from Israel Credit Cards’ visa. The company is not in operations yet and currently a May launch is under discussion.
Pineapple
A start-up company trying to develop multimedia products. Established about three years ago.
Ya’aron
Aurec group’s real estate assets company. Among other things, holds the Aurec building in Ramat Gan (15,000 sq.m.) and Aurec House in Kiryat Matalon (15,000 sq.m.).
NetCom (50%)
One of the largest companies in Israel providing telephony and computer networking solutions. Two years ago, Bezeq was interested in entering NetCom as a strategic partner, but the Ministry of Communications did not approve the deal. According to estimates, Aurec paid $10-13 million for half the NetCom holding. The other partners are private investors.
Undersea cable Med-1
The project is still in construction stages, in conjunction with Telecom Italia, Bezeq, ClalCom, Monitin Publishing, and Kama Communication. The cable will be laid from Tel Aviv to Sicily, and is planned to shoulder most of Israel’s broadband communications needs in the year 2000.
Published by Israel's Business Arena March 10, 1998