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Bezeq Israel Telecom raises 2021 profit estimates
Bezeq Israel Telecom Q2 results
Bezeq Israel Telecom Q1 results
Bezeq Israeli Telecommunication Corp Ltd is an Israel-based telecommunication provider. The Company implements a provides telecommunications operations and services, including domestic fixed-line, cellular and international communication services, multi-channel satellite television broadcasts, Internet infrastructure and access services, customer call centers, maintenance and development of communications infrastructures, communications services to other communications providers, television and radio broadcasts, and supply and maintenance of equipment on customer premises. Bezeq Israeli Telecommunication Corp Ltd operates three subsidiaries, Pelephone Communications Ltd, Bezeq International Ltd and Walla! Communications Ltd, as well as one affiliated company namely DBS Satellite Services.
Chairman of the Board
Chief Executive Officer
Chief Executive Officer of Pelephone, DBS, Bezeq International
Vice President-Operations & Logistics
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Bezeq Israel Telecom reported on Tuesday an increase in adjusted net profit in the third quarter, and the company said it was focusing on an accelerated deployment of fiber optics to be its main growth engine.
Norway's largest pension fund KLP said on Monday it would no longer invest in 16 companies including Alstom and Motorola because of their links to Israeli settlements in the occupied West Bank.
Israel's Bezeq said on Tuesday it was boosting fibre optic network speeds to up to 2.5 gigabit per second (Gbps) from 1 Gbps to win customers, after a late entry in ultra fast internet.
Bezeq Israel Telecom reported lower quarterly profit on Wednesday and said it was advancing a plan to merge two business units to cut costs and ramping up deployment of a fibre-optics network.
Israeli Prime Minister Benjamin Netanyahu's legal and political troubles will play out simultaneously on Monday, at his corruption trial and in the president's residence.
Bezeq Israel Telecom said on Thursday it would look to further reduce costs by combining two of its units after it swung to a profit in the fourth quarter on lower impairment losses.
Israeli telecoms group Partner Communications posted a 29% decline in fourth-quarter net profit on Thursday and said it expected the negative impact from the coronavirus pandemic to continue in the first quarter of 2021.
Bezeq Israel Telecom swung to a profit in the fourth quarter of 2020 on lower impairment losses and said it was considering merging two of its businesses to reduce costs.
Israel is preparing for another tender to allocate more fifth generation (5G) mobile frequencies as soon as late 2021, aiming to boost the economy from new technologies while giving mobile operators a new revenue stream after years of steep declines.
Bezeq Israel Telecom, the country's largest telecoms group, is expecting its long-awaited fibre optic network to boost financial results this year, chief executive David Mizrahi said on Monday.
Prime Minister Benjamin Netanyahu's corruption trial resumes on Monday, when Israel's longest-serving leader will have to enter his plea to charges of bribery, fraud and breach of trust.
Israel's outgoing communications minister said on Tuesday he plans to cut landline phone tariffs by 40%, the first time rates would fall in 17 years.
Bezeq Israel Telecom reported on Monday lower third quarter profit that was hit by a write-down from its international calling unit.
Israeli telecoms group Partner Communications moved to a net loss in the third quarter, citing a loss of roaming revenue due to a steep decline in tourists caused by the coronavirus pandemic.
Israel's largest telecom group, Bezeq, is expecting a 200-300 million shekel ($59-$88 million) write-down in the third quarter from its international calling unit, but said it was raising its 2020 profit forecast.
Israel's cabinet approved a plan by the telecom regulator to speed up deployment of a long-delayed nationwide fibre optics network.
A government committee on Tuesday recommended Israel's telecoms regulator to reject plans by Bezeq Israel Telecom to merge its main land-line infrastructure with its mobile phone, internet and satellite TV units due to its market dominance.
Bezeq Israel Telecom said on Sunday it would soon double internet speeds to 200 megabits per second after receiving long-awaited approval from regulators.
The chairman of Israel's biggest telecom group, Bezeq, has resigned, the company said on Monday.
Israel's main phone company said on Wednesday it would collaborate with the country's ambulance service in replacing thousands of public phone booths with defibrillator stations.
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