EXHIBIT 8.1
LIST OF SUBSIDIARIES
| Name | Place of Incorporation | Percentage of Ownership | |||||
| B Communications Ltd. | Israel | 64.78 | % | ||||
| Subsidiaries of B Communications Ltd. | |||||||
| Bezeq - The Israel Telecommunications Corp. Ltd. (TASE: BZEQ) | Israel | 26.34 | % | ||||
| B Communications (SP1) Ltd. | Israel | 100 | % | ||||
| B Communications (SP2) Ltd. | Israel | 100 | % | ||||