A biclique of a graph G is a maximal induced complete bipartite subgraph of G. The edge-biclique graph of G, KB e (G), is the edge-intersection graph of the bicliques of G. A graph G diverges (resp. converges or is periodic) under an operator H whenever lim k→∞ |V (H k (G))| = ∞ (resp. lim k→∞ H k (G) = H m (G) for some m or H k (G) = H k+s (G) for some k and s ≥ 2). The iterated edge-biclique graph of G, KB k e (G), is the graph obtained by applying the edge-biclique operator k successive times to G. In this paper, we first study the connectivity relation between G and KB e (G). Next, we study the iterated edge-biclique operator KB e . In particular, we give sufficient conditions for a graph to be convergent or divergent under the operator KB e , we characterize the behavior of burgeon graphs and we propose some general conjectures on the subject.