Bezeq Israel Telecom reported a 46 percent increase in quarterly profit, reaching 427 million shekels, as it nears completion of a four-year nationwide fibre-optic network rollout. The company saw growth in its core revenue and a significant rise in subscribers to its fibre service, now covering nearly 2.9 million homes. Bezeq's chairman expressed optimism about regulatory approval for a proposed acquisition of a rival mobile operator and anticipated a decision on a long-sought merger of its infrastructure unit. The company also raised its profit forecast for next year following regulatory moves to ease wholesale fibre costs and announced a dividend for shareholders.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14975827/Israels-Bezeq-Telecom-quarterly-profit-gains-eyes-regulatory-relief.html
Source Id: 8803317204