231 Bezeq The Israel Telecommunication Corp announced that its deployment of an ultra-fast fibre optics network had reached 480,000 homes. Chief Executive David Mizrahi said he expected to reach 1 million households by the end of 2021.
In the mobile sector, Bezeq’s subsidiary Pelephone saw an uptick in accesses, reporting a customer base of 2.492 million as of 31 March 2021, up from 2.356 million a year earlier, with growth in both post-paid and pre-paid accesses, which stood at 2.030 million (Mar-20: 1.928 million) and 462,000 (Mar-20: 428,000), respectively.
The Israeli communications provider has released its financial results for the quarter ended 31 March 2021, reporting a 1.6% year-on-year increase in revenue, to ILS2.22 billion (USD683 million), with a 3.5% rise in fixed-line revenues.
May 26, 20218:51 AM UTC
Middle EastIsrael s Bezeq Telecom to reach 1 mln homes with fibre optic in 2021
Steven Scheer
3 minute read
The logo of Bezeq Israeli Telecommunication Corp Ltd, the country s largest telecom group, is seen outside their headquarters in Tel Aviv, Israel June 21, 2017. REUTERS/Amir CoheN
Bezeq Israel Telecom (BEZQ.TA) 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.
Bezeq, Israel s largest telecoms group, earned 299 million shekels ($92 million) in the first quarter excluding one-time items such as a 125 million shekel capital gain from the sale of real estate, compared with 325 million shekels a year earlier.
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.
Hello, and welcome to the Stratasys Q1 2021 Conference Call and Webcast. [Operator Instructions]
It is now my pleasure to turn the call over to Yonah Lloyd, Vice President, Investor Relations. Please go ahead.
Yonah Lloyd
Vice President of Investor Relations
Good morning everyone, and thank you for joining us to discuss our 2021 first quarter financial results. On the call with us today are our Chief Executive Officer, Dr. Yoav Zeif; and our Chief Financial Officer, Lilach Payorski. I remind you that access to today s call, including the slide presentation is available online at the web address provided in our press release. In addition, a replay of today s call including access to the slide presentation will also be available and can be accessed through the Investor Relations section of our website.