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May 26, 20218:51 AM UTC
Middle EastIsrael s Bezeq Telecom to reach 1 mln homes with fibre optic in 2021
Steven Scheer
3 minute read
The logo of Bezeq Israeli Telecommunication Corp Ltd, the country s largest telecom group, is seen outside their headquarters in Tel Aviv, Israel June 21, 2017. REUTERS/Amir CoheN
Bezeq Israel Telecom (BEZQ.TA) reported lower quarterly profit on Wednesday and said it was advancing a plan to merge two business units to cut costs and ramping up deployment of a fibre-optics network.
Bezeq, Israel s largest telecoms group, earned 299 million shekels ($92 million) in the first quarter excluding one-time items such as a 125 million shekel capital gain from the sale of real estate, compared with 325 million shekels a year earlier.