Mon: Ormat decline continues on flat TASE
Ormat and Electra led the declines today while Energix, Opko and Bezeq led the gains.
The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index fell 0.08%, to 1,598.09 points; the Tel Aviv 125 Index rose 0.05%, to 1,660.05 points; and the BlueTech Global Index rose 0.61%, to 613.05 points. The TelBond 20 corporate bond index rose 0.14%, to 371.10 points. Turnover totaled NIS 1.53 billion in equities and NIS 3.84 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate 0.211% lower from Friday, at NIS 3.309/$, and the representative shekel-euro rate was 0.185% lower, at NIS 3.949/€.
On the market, Ormat Technologies Inc. (NYSE: ORA; TASE: ORA fell 4.59% for the biggest fall on the Tel Aviv 35 Index. Electra Ltd. (TASE: ELTR) fell 3.12%, Bank Leumi (TASE: LUMI) fell 1.10% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.69%.
Bezeq launches fiber-optic service
A 1 Gbps connection will cost NIS 119 monthly, which does not include payment to an ISP.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) is launching its fiber-optic project and is due to hold a press conference today at which it will officially announce prices for the service and details of the rollout. The company has notified the Internet service providers (ISPs) in accordance with its obligations under the wholesale market rules, and the details were leaked at the weekend.
Bezeq will offer two packages, at speeds of 600 Mbps and 1 Gbps. The first package will cost subscribers NIS 109 monthly (excluding ISP cost), and the larger package will cost NIS 119 monthly. The ISPs charges will determine the overall cost to the consumer. These will probably be around NIS 20 monthly. Bezeq is obliged to sell Internet split between infrastructure and ISP, until the Ministry of Communications completes the abolition of its divided market policy.
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