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Bezeq and Partner agree on wholesale market
There has been a significant development in the telecommunications market following what appears to be an agreement in principle between Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) and Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) on the structure of the new wholesale market. Sources inform ”Globes” that the companies achieved a breakthrough last week in their negotiations on the service structure, which will probably use the bit-stream access model.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) today announced that more than 10,000 subscribers have joined its public Wi-Fi service, Bezeq Free WiFi, in the ten days since its launch. The service is Israel’s first public wireless Internet service.
Bruised and battered now, Bezeq destined to survive
Bezeq’s core business suffered serious setbacks in the second quarter, and competition is expected to heat up later this year. But the company’s landline operations weren’t hit as badly as expected, and Bezeq’s key competitors probably did worse.
Golan Telecom claims 100,000 subscribers
In fact, the number of customers who have switched to Golan Telecom is 50,000, according to updated Ministry of Communications figures. The other customers are believed to be subscribers who have taken another mobile number, and tourists.
Cellcom, ICC sign mobile credit card deal
Israel Credit Cards-Cal Ltd. (ICC-Cal) (Visa) and mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) today announced that they have signed a letter of intent to jointly develop a mobile credit card, which will turn a smartphone into an electronic wallet.
Bezeq CEO: IEC fiber optics won’t happen
In an e-mail to employees, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) CEO Avi Gabbay says that the threat from Israel Electric Corporation’s (IEC) (TASE: ELEC.B22) fiber optic venture is far from realization, and that it will never actually materialize because it is not economically worthwhile.
Pelephone reports double-digit drop in revenue and profit
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) subsidiary Pelephone Communications Ltd. was the first mobile carrier to publish its second quarter results today, reporting double-digit drop in revenue and profits.
Second quarter revenue and profits fell as growth in landline services failed to offset the drop in
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) today published a profit warning for 2012, due to regulatory and competitive impact on its mobile subsidiary, Pelephone Communications Ltd. The company reported lower revenue and profit for the second quarter of 2012 as growth in landline and international calls services failed to offset the drop in income from the sale of mobile phones and services.
Analysts: Quarterly earnings will expose cost of the cellular upheaval
May 14, 2012 will go down in the history of the Israeli telecommunication market as the day the cellular oligopoly was broken. With the entry of Golan Telecom and HOT Communications, rates fell to a fraction of their former cost and the face of the industry changed overnight.
Bezeq warns on 2012
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) today published a profit warning for 2012, due to regulatory and competitive impact on its mobile subsidiary, Pelephone Communications Ltd. The company reported lower revenue and profit for the second quarter of 2012 as growth in landline and international calls services failed to offset the drop in income from the sale of mobile phones and services.
Bezeq’s consolidated revenue fell 10.3% to NIS 2.6 billion for the second quarter from NIS 2.89 billion for the corresponding quarter of 2011. Net profit attributable to majority shareholders fell 29.1% to NIS 415 million (NIS 0.15 per share) for the second quarter from NIS 585 million for the corresponding quarter.