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Bezeq takes a hit as communications minister approves huge rate cut

Dec. 16, 2020 As days go, Tuesday couldn’t have been worse for Bezeq, Israel’s dominant telecommunications provider. First, the Communications Ministry said it would back arch-rival Hot Telecom’s plan to buy the fiber-optic network provider IBD. Then the ministry announced it would be holding hearings to slash rates of Bezeq’s key landline telephony service by 40%. Shares of Bezeq tumbled 12% over Tuesday and Wednesday in heavy trading to end at 3.44 shekels ($1.04) on the Tel Aviv Stoc...
Tel Aviv Gilad Erdan Benny Gantz David Fuhrer Liran Lublin Yoaz Hendel

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