Bezeq results reflect burgeoning fibre market in Israel

Bezeq, a leading telecoms provider in Israel, has reported strong financial results on the back of a fast-growing fibre infrastructure in the country.

The company has already provided a fibre infrastructure to around 200,000 households and businesses in the country, with plans to roll out its service fast while investing in faster internet provision for its customers.

While the company's overall revenues were down slightly due to a fall in the average revenue for telephony provision, revenues from internet services in the second
quarter of 2013 amounted to NIS 321 million (around $88 million) compared with NIS 285 million (around $78 million) in the corresponding quarter of 2012 – an increase of 12.6 per cent.

Bezeq says the growth in revenues from internet services was primarily due to annual growth of 66,000 internet subscribers, together with a 6.3 per cent increase in average revenue per subscriber compared to the corresponding quarter of 2012 due to surfing speed upgrades.

Stella Handler, Bezeq CEO, said: 'To date, we have laid the fibre infrastructure to approximately 200,000 households and businesses. We are continuing the fibre deployment at an expedited pace, so that by the end of the year we expect to connect over 400,000 households and businesses throughout Israel.

'We will continue to focus and invest in upgrading infrastructures and expanding the diversification of telecommunication services offered, in order to provide our customers with market leading Internet speeds and services.'