Israel’s Bezeq Telecom Q3 profit, revenue dip

Bezeq Israel Telecom reported a 13% decline in third quarter net profit hurt by lower income at satellite TV unit YES.

Israel’s largest telecoms group on Tuesday posted an adjusted net profit of 309 million shekels ($83 million), down from 357 million a year earlier, with profit at YES down 70% to 12 million.

Revenue slipped by 1.4% to 2.23 billion shekels, with YES revenue down 3.4%. Reuters