from the October 2008 issue

Telecoms grew 5.4% in 2007

Israel's telecommunications sector posted growth of 5.4% in 2007, with revenues rising to NIS 28.1 billion, the Communications Ministry reported last week. The ministry said most of the growth came from a 20% rise to nearly NIS 1 billion in Internet revenues from the two companies that provide Internet infrastructure -- Bezeq via ADSL and HOT through cable. Revenues at Israel's Internet service providers grew by 14% last year. Mobile phone companies, which now represent more than 50% of total revenues in the telecoms sector, grew by 8% to NIS 15.5 billion. Revenues in the domestic landline sector dominated by Bezeq but with recent competition from HOT edged up to NIS 4.40 billion from NIS 4.36 billion, the ministry said. International calling revenues dropped 7% in 2007.

Reprinted from the Israel High-Tech & Investment Report October 2008

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