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.