www.WirelessFederation.com/news: 9% year-on-year decline in net profit has been reported by Israeli mobile network operator Cellcom and the loss can be attributed to increased financial costs. A net profit of ILS314 million (USD85 million) has been posted by the telco for the three months ended March 31, 2010. It has gone down from ILS348 million in the same period a year earlier. 3% rise in the revenue has also been recorded which went up to ILS1.414 billion while EBITDA also increased, rising 1.8% against 1Q 2009 to ILS638 million. 21,000 wireless customers have been added by Cellcom in the first three months of 2010 to bring its overall base to 3.31 million. The number of 3G customers rose by 40,000 in the quarter to 1.037 million.
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