Bezeq is tied to yes merger plans as Simply Wall St values Bezeq stock at ILS 8.55

Bezeq The Israeli Telecommunication (ISIN IL0002300114) is tied to plans to remove the structural separation between Bezeq and yes, while Simply Wall St lists a fair value of ILS 8.55 for the stock in a September 12, 2026 analysis. Economix reported on October 6, 2026 that Israeli ministries were preparing to dismantle the long-standing separation regime.

Three dated business milestones

On May 13, 2026, Bezeq reported first-quarter core revenue of NIS 2.03 billion, up 2.60 percent from the prior-year quarter. The same release showed comparable net profit of NIS 300 million, up 4.20 percent, and free cash flow of NIS 455 million, up 74.00 percent. These are comparable figures, not reported GAAP results. Bezeq said the free cash flow increase was helped by a tax refund, working-capital changes and lower capital spending.

On August 31, 2026, Bezeq approved a cash dividend of ILS 415 million, according to Simply Wall St on September 12, 2026. On October 6, 2026, Economix described a possible yes merger that could use ILS 5.3 billion of accumulated losses and generate ILS 1.2 billion of tax savings over 10 years.

What supports the dividend case?

The operating figures provide the financial backdrop for the payout. Bezeq's first-quarter comparable EBITDA reached NIS 928 million, up 1.20 percent year over year, while its comparable EBITDA margin was 42.80 percent. The release also put net debt at NIS 4.57 billion at March 31, 2026, down 2.60 percent from the prior-year level.

The proposed regulatory change could alter how the group combines fixed-line, television and other services, but the Economix report also highlighted competition and the need for regulatory safeguards. The financial benefit is therefore linked to a process expected to require public hearings and detailed approval rather than an immediate accounting gain.

Next dated event

Bezeq's dividend payment date is October 14, 2026, according to Simply Wall St. The date follows the September 15, 2026 ex-dividend date and gives the approved ILS 415 million distribution a concrete near-term calendar marker.

Tel Aviv quote remains below yearly high

Bezeq stock was last at ILA 732.00 on the Tel Aviv Stock Exchange on October 9, 2026 at 1:49 p.m. IDT. The quote was ILA 18.00 below the prior close of ILA 750.00, while the 52-week range was ILA 625.10 to ILA 913.60. The ILA price is quoted in agorot, while the dividend and company figures above are stated in shekels. The financial picture therefore combines improving first-quarter cash generation with a regulatory opportunity that still depends on approvals.

Market context: Market report TA-35.

Market context: Market report TA-35.

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