Bezeq posts healthy 2009 results

3 Mar 2010

Israeli fixed line incumbent Bezeq has posted revenues of ILS11.5 billion (USD3 billion) for 2009, up 4.6% year-on-year, as declines from its fixed line voice segment were more than offset by double digit growth from mobile arm Pelephone. Operating income grew 12.6% to nearly ILS3 billion, driven primarily by higher revenues and the positive impact of ongoing cost reduction initiatives. Pelephone’s subscriber base increased by 4.4% to 2.8 million, and ARPU grew 4.8% to ILS132. Bezeq also revealed that at the end of 2009 approximately 374,000 customers had been connected to its new IP-based fibre-optic NGN infrastructure, and that it planned to expand NGN coverage to 50% of Israeli households by the end of 2010 and about 80% of households by 2012.

Israel, Bezeq (Israel Telecommunication Corporation)