Bezeq net income down as revenues slip

24 Mar 2009

Bezeq has revealed that net income for the fourth quarter of 2008 fell 5% to ILS298 million (USD74 million) on the back of lower sales and higher provisions for early retirement. Revenue declined 1.9% to ILS3.062 billion. The company’s ADSL subscriber base rose 1.1% in the quarter, ending the year on 1.01 million.

Israel, Bezeq (Israel Telecommunication Corporation)