Israel's Cellcom third quarter loss widens as COVID hits roaming revenue | Reuters
Losses at Israel’s largest mobile phone operator, Cellcom, widened in the third quarter, it said on Monday, blaming a drop in revenue from roaming services due to the coronavirus pandemic.
Cellcom reported a loss of 37 million shekels ($11 million), or 7 cents per share, for the third quarter, versus a 2 million shekel loss, or $0.003, a year earlier.
Revenue rose 3% to 956 million shekels, with service revenue down 2% to 695 million shekels. The decline was offset by a rise in equipment sales.
The results, it said, included the consolidation of smaller rival Golan Telecom, which it bought in August.
No comments:
Post a Comment