"Globes" Dun's 100: Bezeq still top telecom co [Globes, Tel Aviv, Israel :: ]
(Globes (Tel Aviv) Via Acquire Media NewsEdge) Aug. 10--Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ), whose revenue dropped 7% to NIS 9.5 billion in 2013, is Israel's leading telecommunications group on the Globes Dun's 100 ranking for 2014.
Cellular operators Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), which have been having a tough time coping with the growing competition in the sector in recent years, were in second and third place, respectively. Cellcom's revenue plunged 17% to NIS 5 billion in 2013, while Partner's revenue sank 19% to NIS 4.5 billion.
Hot Telecommunication Systems Ltd. (TASE: HOT.B1) was the only one of the five communications groups to increase its revenue in 2013, gaining a miniscule 0.9% to NIS 4.2 billion. In fifth place was DBS Satellite Services (1998) Ltd. (YES), whose revenue was down 0.1% to NIS 1.6 billion.
Bezeq was the only telecommunications group with a profit ratio of more than 10% -- its NIS 1.7 billion net profit reflected an 18.5% profit ratio. Hot was the only group whose profit ratio declined (by 1.5%) and the only one to post a loss (NIS 6.2 million). The five leading telecommunications groups in 2013 had an aggregate profit ratio of 6.5%.
The five leading groups had almost NIS 25 billion in aggregate revenue, and jointly employed 27,000 workers.
(c)2014 the Globes (Tel Aviv, Israel)
Visit the Globes (Tel Aviv, Israel) at www.globes.co.il/serveen/globes/nodeview.asp?fid=942
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