Bezeq The Israeli Telecommunication, IL0002300114

Bezeq stock: Comparable Q3 profit jumps 44% to NIS 372 million

Published on 11/16/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bezeq stock enters a new phase after strong third-quarter results and a mobile acquisition. Management kept its raised 2026 outlook unchanged.

Bezeq expands telecom growth

Comparable third-quarter net profit rose 44 percent to NIS 372 million, while core revenue increased 2.3 percent to NIS 2.04 billion.
Pelephone agreed to acquire Wecom Mobile for NIS 265 million, subject to regulatory approval.
Management left its raised 2026 outlook unchanged.

Bezeq The Israeli Telecommunication, IL0002300114, Illustration mit AI erstellt.

Bezeq reported strong third-quarter operating results on November 11, 2026, as comparable net profit rose 44 percent year over year to NIS 372 million. Comparable EBITDA increased 8 percent to NIS 1.01 billion, while core revenue grew 2.3 percent to NIS 2.04 billion, according to The State of Israel.

Profit growth meets strategic expansion

The comparable figures benefited from higher revenue and lower financing and operating expenses. The company said that, excluding the cancellation of a provision for the Universal Fiber Fund, comparable EBITDA still increased 5.2 percent and comparable net profit rose 36 percent.

Free cash flow declined 25 percent to NIS 249 million in the quarter, reflecting working-capital changes at Pelephone, including early-retirement payments. The fixed-line business continued to expand its fiber network, while the yes television unit recorded its strongest quarterly revenue since 2018.

Pelephone agrees Wecom acquisition

Bezeq subsidiary Pelephone signed an agreement to acquire 100 percent of Wecom Mobile for NIS 265 million. The transaction remains subject to regulatory approval, including clearance from Israel's competition authority and the Ministry of Communications. Wecom has about 309,000 active subscribers, and Bezeq expects operating synergies of roughly NIS 50 million in the short term and up to NIS 100 million over the longer term, according to Developing Telecoms.

Outlook remains unchanged

Bezeq kept its raised 2026 outlook unchanged. The company expects comparable EBITDA of NIS 3.8 billion to NIS 3.85 billion, comparable net profit of NIS 1.15 billion to NIS 1.2 billion and capital expenditure of about NIS 1.6 billion.

Bezeq's operating profile

Bezeq operates Israel's national communications infrastructure and provides connectivity for households, businesses and public institutions. Its activities include fixed-line broadband, fiber, mobile services through Pelephone, television through yes, and cloud and digital services. The group is based in Israel and is investing in fiber, 5G and broader digital infrastructure, according to its Investor Relations profile.