Bezeq Israel Telecom fourth-quarter loss narrows, holding off on 2020 outlook [Reuters]
BEZEQ ISRAEL TELCM UN/ADR (BZQIY)
NASDAQ:AMEX Investor Relations:
ir.bezeq.co.il
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Source: Reuters
Bezeq Israel Telecom fourth-quarter loss narrows, holding off on 2020 outlook TEL AVIV (Reuters) - Bezeq Israel Telecom ( BEZQ.TA ) reported a sharply narrower net loss in the fourth quarter versus a year earlier on Thursday and said it was unable to publish a 2020 outlook due to uncertainty surrounding the coronavirus outbreak. “The company ... will consider, depending on the situation, the possibility of publishing a forecast for 2020, together with the publication of the results for the first quarter of 2020, if feasible,” Bezeq said. That would be as early as May. Bezeq, Israel’s largest telecoms group, recorded a quarterly net loss of 5 million shekels ($1.3 million) compared with a 1.76 billion shekel loss a year earlier and analysts’ expectations in a Reuters poll of a 17 million shekel profit. Revenue slipped 5.3% to 2.22 billion shekels. Bezeq said this week connections to the Internet for new clients have jumped 64% since the start of the outbreak as people study and work
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