Israeli operator Bezeq announced it will enter the electricity supply sector this year with aims to be a "major player", and seizing opportunity as the nation opened its energy sector to fresh competition.
Bezeq will handle marketing and sales while Generation Capital s energy subsidiary Powergen will provide electric power through electricity generation and storage facilities, it said in a regulatory statement.
Bezeq: "This was a very successful offering, with historically low margins and in a period of war and high volatility in the markets," said Chief Financial Officer Tobi Fischbein.