Bezeq updates full year guidance

2 Aug 2022

Israel’s Bezeq has updated its financial guidance for the year ending 31 December 2022, revising previous forecasts made in March 2022. Issuing a statement regarding the matter, the company said it now expects adjusted net profit attributable to shareholders to be between ILS1.1 billion and ILS1.2 billion (USD295 million-USD325 million), up marginally from ILS1.0-ILS1.1 billion as per its original forecast.

Meanwhile, although Bezeq has left the forecast for CAPEX unchanged at between ILS1.7 billion and ILS1.8 billion, the company is now estimating that it will reach 1.5 million premises passed with full fibre by the end of this year, up from a previous expectation of 1.4 million premises passed by end-2022.

Israel, Bezeq (Israel Telecommunication Corporation)