0
Wireless

Bezeq Israel revenues fall 4.8% to ILS 9.32 bln in 2018

Thursday 28 March 2019 | 16:03 CET | News
Bezeq Israel said revenues fell 4.8 percent year-on-year to ILS 9.32 billion for full year 2018. Revenues for the fourth quarter slipped 5.4 perent lower to ILS 2.33 billion. The company attributed the decrease to lower revenues in all key group segments. The net loss in 2018 went to ILS 1.07 billion, against a profit of 1.24 billion the year before. For Q4, the net loss amounted to ILS 1.76 billion, from a profit of 205 million. Profit for the full year and quarter were impacted by a loss from the impairment of the assets of Yes, the lower revenues and changes in other operating expenses.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Bezeq
Countries: Israel
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Bezeq Israel revenue falls 5.3% in Q4

Published 19 Mar 2020 17:14 CET | Israel
Bezeq Israel said revenues for the fourth quarter slipped 5.3 percent from the year before to ILS 2.20 billion, with all segments ...

Bezeq revenues fall 4.4% to ILS 2.26 bln in Q1

Published 31 May 2019 12:48 CET | Israel
Israeli operator Bezeq's revenue decreased by 4.4 percent to ILS 2.26 billion in the first quarter compared to ILS 2.36 billion ...

Bezeq drops plan for capital increase after shareholder dissent

Published 09 Apr 2019 09:11 CET | Israel
Bezeq Israel announced that it is scrapping plans to increase the company's equity. The proposal for a rights issue was removed ...

Bezeq shareholder B Communications halts debt repayments

Published 25 Mar 2019 08:53 CET | Israel
B Communications, the controlling shareholder of Israel operator Bezeq, has halted payments to its bondholders, Globes reported. ...

Bezeq to write down Yes value by ILS 1.5 billion

Published 20 Mar 2019 10:36 CET | Israel
Israeli operator Bezeq said it would reduce the valuation of its TV unit Yes by ILS 1.5 billion in its 2018 financial report ...

Bezeq agrees with union to retrench 325 Yes workers in 2 years

Published 15 Mar 2019 09:36 CET | Israel
Bezeq Israel said its subsidiary Yes has signed a collective arrangement with the National Histadrut Labour Organization (labour ...

Bezeq approves gradual migration of Yes from satellite to OTT broadcasting

Published 14 Mar 2019 11:03 CET | Israel
Bezeq Israel has announced that the company's board has approved a resolution by its subsidiary Yes for gradual migration from ...

Searchlight increases Bezeq Israel bid

Published 06 Mar 2019 11:05 CET | Israel
US fund Searchlight Capital Partners has raised its bid for the controlling stake in Bezeq Israel, Globes reported. The fund is ...

Bezeq cuts 2018 profit outlook by 15%

Published 27 Feb 2019 14:43 CET | Israel
Israeli operator Bezeq said its profit for the year 2018 will be 15 percent lower than its previous guidance. The company said ...

Bezeq will not deploy fibre throughout Israel

Published 17 Jan 2019 10:08 CET | Israel
Israeli operator Bezeq says its executives has held a meeting with Ministry of Communications representatives to present its ...

Bezeq Israel slashes dividend to 70% of profit

Published 08 Mar 2018 15:05 CET | Israel
Bezeq Israel said it will reduce dividend payments to 70 percent of its net profit instead of the 100 percent it has been paying ...