Aurec Group (from

Latin Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the ...

: Aurum - gold, or from

Hebrew Hebrew (; ; ) is a Northwest Semitic language of the Afroasiatic language family. Historically, it is one of the spoken languages of the Israelites and their longest-surviving descendants, the Jews and Samaritans. It was largely preserved ...

: עורק - artery), is an Israeli holding company that includes cable and telecom investments. It was established in 1968 by

Morris Kahn Morris Kahn (born 5 March 1930) is an Israeli billionaire entrepreneur. He is the founder of Golden Pages Israel, Amdocs, the Aurec Group, Coral World and other companies. Through Coral World, he founded several marine parks around the world, ...

History

Aurec Group was founded by

, who

immigrated Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and ...

to Israel from South Africa in 1956. Kahn established a yellow pages directory that paved the way for the founding of

Amdocs Amdocs ( he, אמדוקס) is a multinational corporation that was founded in Israel and currently headquartered in Chesterfield, Missouri, with support and development centers located worldwide. The company specializes in software and services ...

, a customer relationship management and billing software firm for large telecom outfits. Kahn's is now on

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

list of billionaires. Amongst the group's holdings have been

Golden Pages Golden Pages is a company which publishes a telephone directory of businesses categorized according to product or service. Business listings are printed on yellow paper as opposed to white paper for non-commercial and private phone numbers. Golde ...

(the Israeli

Yellow Pages The yellow pages are telephone directories of businesses, organized by category rather than alphabetically by business name, in which advertising is sold. The directories were originally printed on yellow paper, as opposed to white pages for ...

), the former

cable television Cable television is a system of delivering television programming to consumers via radio frequency (RF) signals transmitted through coaxial cables, or in more recent systems, light pulses through fibre-optic cables. This contrasts with broa ...

provider ''Golden Channels'' (now amalgamated into

Hot Hot or the acronym HOT may refer to: Food and drink *Pungency, in food, a spicy or hot quality *Hot, a wine tasting descriptor Places * Hot district, a district of Chiang Mai province, Thailand **Hot subdistrict, a sub-district of Hot Distric ...

); an

internet service provider An Internet service provider (ISP) is an organization that provides services for accessing, using, or participating in the Internet. ISPs can be organized in various forms, such as commercial, community-owned, non-profit, or otherwise private ...

named '' Golden Lines'' (now merged with ''Internet Zahav'' to form 012 Smile); and ''AIG Golden'' (a joint venture with the

AIG American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

insurance company) and

, now a leading provider of software and services for billing,

customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information. CRM systems compile data from a ra ...

(CRM),

operations support systems Operations support systems (OSS), operational support systems in British usage, or Operation System (OpS) in NTT, are computer systems used by telecommunications service providers to manage their networks (e.g., telephone networks). They support ...

(OSS) to the telecommunications industry. In 1999, Aurec sold off its holdings in the Arutzei Zahav cable company to its partners, Eliezer Fishman and

Yedioth Ahronoth ''Yedioth Ahronoth'' ( he, יְדִיעוֹת אַחֲרוֹנוֹת, ; lit. ''Latest News'') is a national daily newspaper published in Tel Aviv, Israel. Founded in 1939 in British Mandatory Palestine, ''Yedioth Ahronoth'' is the largest paid n ...

, for US$40 million. In 2000, Kahn also sold 51.5 percent of the Aurec Group's holdings in Golden Lines (Kavei Zahav) to Fishman, for $180 million. Also in 2000, Aurec divested itself of its 50 percent holding in Netcom, a smaller provider of data communications networks. The value of the transaction was never revealed, but it is thought that Aurec received about $20 million for its shares.

References

{{Reflist Holding companies of Israel Companies based in Tel Aviv Holding companies established in 1968 Israeli companies established in 1968