Israel’s Bezeq Telecom This autumn revenue dips, resumes dividends

The emblem of Bezeq Israeli Telecommunication Corp Ltd, the nation’s largest telecom group, is seen exterior their headquarters in Tel Aviv, Israel June 21, 2017. REUTERS/Amir CoheN

JERUSALEM, March 23 (Reuters) – Bezeq Israel Telecom (BEZQ.TA) reported decrease quarterly internet revenue, weighed down by its fixed-line enterprise, and forecast a largely flat yr in 2022.

It additionally set a brand new dividend distribution coverage, beginning instantly, to pay out 50% of semi-annual internet revenue.

Bezeq, Israel’s largest telecoms group, stated it earned 256 million shekels ($80 million) within the fourth quarter excluding one-time gadgets, in contrast with 277 million shekels a yr earlier. Income gained 2.5% to 2.26 billion shekels.

For 2022, Bezeq forecast adjusted internet revenue of 1.0-1.1 billion shekels, in contrast with 1.15 billion in 2021.

($1 = 3.2147 shekels)

Reporting by Steven Scheer
Modifying by Ari Rabinovitch

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