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Golan Telecom’s prices are unsustainable
Telecommunications market sources are convinced that the price reduction is the mobile carrier’s death rattle.
25 November 12 19:44, Gad Perez
Golan rattles cellular market with NIS 49 plan
Golan Telecom, the mobile start-up that shook the market last spring with discount service packages, was back at it again yesterday. The company said it was offering unlimited calls and Internet connection for NIS 49 a month to people who sign up between now and election day eve on January 21. The price is valid for the first six months, after which it bumps up to Golan’s regular NIS 99 a month rate.
Golan Telecom slashes package prices
Mobile carrier Golan Telecom Ltd.has halved the price of its unlimited mobile plan from NIS 99 per month to NIS 49. The discount applies to the carrier’s plan for unlimited calls and SMS, free international calls to 53 countries, and up to 3 gigabytes of Internet access. The discount targets new subscribers who switch from other carriers.
HOT Mobile to reach 7% market share in 2013
HOT Telecommunication Systems Ltd. (TASE: HOT) mobile carrier unit HOT Mobile Ltd.is expected to reach a 7% market share by 2013 and cross the 500,000 subscribers threshold. If the carrier reaches this target then it will be able to get back a substantial portion of the guarantee for its license that it deposited with the Ministry of Communications, sources at HOT believe.
Veteran mobile carriers’ profit down 39% in Q3
Growing competition in the mobile telephony market, and the advent of Hot Mobile and Golan Telecom, cut the profits of the three established mobile carriers by 39% in the third quarter, in comparison with the previous quarter. The aggregate profit of Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL), Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) and Pelephone Communications Ltd.was NIS 388 million. The three companies’ aggregate revenue fell by more than NIS 1 billion (21%) to NIS 3.8 billion.
Wholesale market will allow Bezeq-YES merger
The Antitrust Authority will not allow Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) to merge with its subsidiary DBS Satellite Services (1998) Ltd.(YES), until after the establishment of the wholesale market, which will allow Bezeq’s competitors to use its infrastructures.
Partner profits plummet 36%
Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) today reported sharply lower revenue and profits for the third quarter of 2012, due to lower prices, loss of subscribers, and a halving of equipment sales.
102,000 mobile subscribers switch to Golan Telecom
Third quarter recruitment figures of Golan Telecom Ltd.state that the carrier had 84,000 subscribers at the end of September. As of yesterday, the carrier had 102,000 subscribers altogether including 30,000 new customers.
Competition Takes its Toll on Good Old Bezeq
Competition Takes its Toll on Good Old Bezeq
Mobile firewall co Skycure raises $3m
Mobile firewall software developer Skycure announced today that it has closed a $3 million seed round led by Pitango Venture Capitalwith the participation of leading private investors in the industry.