Bezeq issues financial outlook for 2013

6 Feb 2013

Israeli fixed line incumbent Bezeq has issued its financial guidance for the coming year, ahead of releasing its financial results for 2012. The company said that it expects to record a net profit of between ILS1.7 billion and ILS1.8 billion (USD455 million-US482 million) in FY2013, while EBITDA is forecast at between ILS4.25 billion and ILS4.35 billion. Free cash flow, meanwhile, is expected to be ‘greater than’ ILS2.7 billion.

In highlighting some of the factors it expects to impact it financially in the coming year, Bezeq noted that it will continue streamlining processes throughout the group, while it has also said that it intends to speed up the deployment of its fibre-to-the-building (FTTB) infrastructure in order to ensure that during the year ‘a significant part of the network will be deployed’.

Israel, Bezeq (Israel Telecommunication Corporation)