B Communications Ltd. announced that it has completed the purchase of USD 50 million of its 7 3/8% senior secured notes under its repurchase programme that was approved in August 2014. Also, the company announced the approval by its board of directors of an extension of the notes repurchase programme and a USD 50 million increase in the size of programme. Under this programme, the notes may be repurchased from time to time on the TACT Institutional market or on the OTC through block trades or otherwise.

Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. Reportedly, from 30 September 2015 through 20 January 2016, the company, through a wholly owned subsidiary, purchased USD 28 million par value of the notes. Also, the total par value of notes that has been repurchased from August 2014 through 20 January 2016 is USD 43.3 million.