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General

Bezeq may write down up to ILS 2.1 bln in Q2

Monday 26 August 2019 | 10:44 CET | News
Israeli operator Bezeq said it may write down as much as ILS 2.1 billion in the second quarter from its mobile and satellite TV units. Bezeq said it would write down the value of mobile unit Pelephone by ILS 951 million, resulting in a decrease in its net income and shareholder equity. In July, it had provided an initial assessment for a write-down of up to ILS 1.1 billion.

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Categories: General
Companies: Bezeq / Pelephone
Countries: Israel
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