Israel’s Bezeq Telecom Q2 profit tops estimates

JERUSALEM: Bezeq Israel Telecom reported higher-than-expected quarterly profit on Thursday, helped by a rapid deployment of its fibre-optics network.

Bezeq, Israel’s largest telecoms group, said it earned 304 million shekels ($94 million) in the second quarter excluding one-time items, compared with 252 million shekels a year earlier and 267 million shekels expected in a Reuters poll of analysts. Revenue rose 2.1% to 2.2 billion shekels.