Israel’s Cellcom Q3 loss widens as COVID hits roaming revenue

JERUSALEM: 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.