The "Aurec Group" is an Israeli holding company established in 1968 by Morris Kahn.

Amongst the group's holdings have been Golden Pages

Golden Pages

Golden Pages is 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...

 (the Israeli Yellow Pages

Yellow Pages

Yellow Pages refers to a telephone directory of businesses, organized by category, rather than alphabetically by business name and in which advertising is sold. As the name suggests, such directories were originally printed on yellow paper, as opposed to white pages for non-commercial listings...

), the former cable television

Cable television

Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...

 provider Golden Channels (now amalgamated into Hot

Hot (Israel)

HOT Telecommunication Systems Ltd. is a company that provides cable television, last-mile Internet access, broadband and telecommunication services in Israel. It also provides various data transmission services and network services at different rates, services to the business sector and other...

); an internet service provider

Internet service provider

An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...

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

American International Group

American International Group, Inc. or AIG is an American multinational insurance corporation. Its corporate headquarters is located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London, continental Europe operations are based in...

 insurance company) and Amdocs

Amdocs

Amdocs Limited is a provider of software and services for billing, customer relationship management , operations support systems...

,now a leading provider of software and services for billing

Invoice

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms...

, customer relationship management

Customer relationship management

Customer relationship management is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing,...

 (CRM), operations support systems (OSS) to the telecommunications industry..

History

In 1999, Aurec sold off its holdings in the Arutzei Zahav cable company to its partners, Eliezer Fishman and Yedioth Ahronoth, 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.