Bezeq has raised its profit guidance for 2021 from NIS 1 billion to NIS 1.1 billion.
The acceleration on the rollout of its fiber-optic network and streamlining in its subsidiary companies have apparently helped Bezeq, and this morning the company announced an update to its guidance for the year. Bezeq has raised its profit guidance from NIS 1 billion to NIS 1.1 billion, and its EBITDA guidance from NIS 3.5 billion to NIS 3.65 billion.
Bezeq also announced that its investment would grow from NIS 1.7 billion to NIS 1.8 billion, which means that the company will probably surpass the million household forecast it gave for connection to its fiber-optic network this year. At the same time, the company has narrowed losses at its subsidiaries. As far as is known, the update is not a result of significant events during the quarter, but of the cumulative effect of streamlining measures across the group.
Published by Globes, Israel business news – en.globes.co.il – on November 16, 2021.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.
Bezeq
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
