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bezeq the israeli telecom co (BEZQ) Snapshot

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12/8/14 - $744.70
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03/10/14 - $550.00
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bezeq the israeli telecom co (BEZQ) Details

Bezeq The Israel Telecommunication Corporation Ltd., together with its subsidiaries, provides telecommunication services to business and private customers in Israel. The company’s Fixed-Line Domestic Communications segment offers domestic carrier services, including basic telephony, Internet infrastructure and access services, and transmission and data communications services. This segment also provides infrastructure, transmission, billing, leasing space, and related services for other communications operators; operates and maintains radio transmitters; caries out set-up and operation works of networks or sub-networks for various customers; and offers private and virtual exchange, data center, and search engine services. Its Mobile Radio-telephone segment is involved in the provision of cellular communication services; marketing of terminal equipment; installation, operation, and maintenance of cellular communication equipment and systems. The company’s International Communications and Internet Services segment offers ISP, international telephony, domestic internal telephony, international data, and PBX services; and infrastructure and communication systems (ICS) solutions for business customers. Its Multi-channel Television offers multi-channel digital satellite television broadcasting and value added services for subscribers. This segment operates approximately 140 video channels, including 5 pay per view channels and 20 high definition channels, as well as radio channels, music channels, and interactive services. In addition, the company operates Internet portals; provides customer call center services; and invests in a venture capital fund. Bezeq The Israel Telecommunication Corporation Ltd. was founded in 1980 and is headquartered in Tel Aviv, Israel.

6,479 Employees
Last Reported Date: 05/29/14
Founded in 1980

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bezeq the israeli telecom co (BEZQ) Key Developments

Bezeq The Israel Telecommunication Corporation Limited Receives Notice of Strike

On November 25, 2014, Bezeq - The Israel Telecommunication Corp. Ltd. received a notice of a strike in accordance with the Settlement of Labor Disputes Law, 5717-1957, which was declared by the State Employees Union of the New General Federation of Labor, as of December 10, 2014 onwards. The issues in dispute, according to the notice, are the implications of the wholesale market reform for workers, their employment conditions, wages, status and employment security, as well as the workers representative's demand to commence negotiations for the execution of a collective agreement prior to the implementation of such reform, which would anchor the workers rights, employment conditions and employment security. The company is unable, at the present stage, to assess the implications of such notice.

Bezeq The Israel Telecommunication Corporation Limited, Special/Extraordinary Shareholders Meeting, Jan 14, 2015

Bezeq The Israel Telecommunication Corporation Limited, Special/Extraordinary Shareholders Meeting, Jan 14, 2015., at 11:00 Israel Standard Time. Location: 2 Azrieli Center (Triangular Tower, 27th floor). Agenda: To approve the ordering of 55,000 yesMaxTotal set top boxes by DBS Satellite Services (1998), Ltd., by virtue of an existing contract, with a total value of USD 11,385, in force until December 31, 2015; to approve, if the price of hard disks changes, a price increase of up to another 1.9%, for the cost of the hard disk only; and to approve the terms of payment for the aforementioned order of set top boxes that are, at the discretion of DBS, either current + 35 days or current + 95 days plus, in the latter option, the addition of interest for 60 days at the rate of 1% per annum.

Bezeq Israeli Telecommunication Co. Ltd. Announces Earnings Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Year 2014; Reiterates Earnings Guidance for the Year 2014

Bezeq Israeli Telecommunication Co. Ltd. announced earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported has reported a 6.9% drop in third quarter revenue, from ILS 2.4 billion in 2013, to ILS 2.23 billion 2014. The fall in the telecommunications group's revenue was mainly due to a decline in revenue from mobile services because of the rising level of competition in the mobile telephony market, and a decline in revenue from fixed-line services, mainly because of a reduction in the tariff for interconnect fees between fixed-line networks. Operating profit totaled ILS 671 million, compared with ILS 721 million in the corresponding quarter in 2013, representing a 6.9% decline. EBITDA (earnings before tax, interest, depreciation and amortization) amounted to ILS 998 million (44.7% of revenue) compared with ILS 1.03 billion (43.8% of revenue) in the in the corresponding quarter, representing a 5% decline. The decline in operating profit and EBITDA was because of the erosion of the profitability of mobile telephony unit Pelephone, because of increasingly tough competition in its market. The company made a net profit in the third quarter of 2014 of ILS 428 million, which compares with ILS 449 million in the corresponding quarter, representing a 4.7% decline. Cash flow from regular operations totaled ILS 950 million, compared with ILS 1.1 billion in the corresponding quarter, representing a decline of 16.9%. The decline is attributed to the erosion of Pelephone's profitability and changes in working capital. The company's management has reiterated its guidance of a total net profit attributable to shareholders of ILS 2 billion in 2014, EBITDA of approximately ILS 4.5 billion and free cash flow of approximately ILS 2.5 billion.


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