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.
Operator
Greetings. Welcome to the Proto Labs Q1 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions].
I will now turn the conference over to your host, Dan Schumacher. Mr. Schumacher, you may begin.
Dan Schumacher
Director of Investor Relations and Financial planning and analysis
Thank you, Alex, and good morning, everyone. With me today are Rob Bodor, Proto Labs President and Chief Executive Officer; and John Way, our Chief Financial Officer. This morning, Proto Labs issued a press release announcing its financial results for the first quarter ended March 31, 2021. The release is available on the company s website. In addition, a prepared slide presentation is available online at the web address provided in our press release. Before we begin, I would like to remind everyone that our discussion will include statements relating to future performance a