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Israel's Bezeq Reports Record Revenues As HSPA Gets a Grip
Bezeq owns Pelephone, Israel.s third largest mobile operator. The company added 25k new connections in the second quarter to reach a total of 2.69m. The transition to 3G services continues at an impressive rate and the new technology now accounts for 1.31m of the total, up 90k on the quarter.
Pelephone launched an HSPA network in Q1 and as at the end of July, over 340k customers had adopted this latest variant. This helps explain a further slight rise in ARPU, which has nudged up from NIS128 to NIS131, a level last seen seven quarters ago.
The financials improved significantly, quarter on quarter, with revenue rising from NIS1.265bn to NIS 1.346bn and EBITDA increasing from NIS 441m to NIS 472m. This implies an overall improvement in margins, from 34.9% to 35.1%
Posted to the site on 2nd September 2009
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