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Stock impact report

UPDATE 2-Bezeq cancels dividend, may raise cash after Q4 loss [Reuters]

Partner Communications Company Ltd. - American Depositary Shares, each representing one ordinary share (PTNR) 
US:NASDAQ Investor Relations: partner.co.il/ir-en
Company Research Source: Reuters
UPDATE 2-Bezeq cancels dividend, may raise cash after Q4 loss | Reuters 4 Min Read * Q4 loss 1.76 bln shekels vs 205 mln profit in Q4 2017 * Posts 1.68 bln shekel write-down on TV unit impairment * Says in talks with regulator to deploy fibre optics network * Sees 2019 net profit at 900 million to 1 billion shekels (Adds details, analyst comment) By Steven Scheer JERUSALEM, March 27 (Reuters) - Bezeq Israel Telecom on Thursday reported a large fourth-quarter net loss, hurt by a write-down at its TV business, and said it would cancel its dividend policy and look at raising 2 billion shekels from investors. Israel’s largest telecoms group also said it was in talks with the communications ministry on deploying advanced services like fibre optics and 5G mobile networks. Bezeq has long been at odds with the regulator over a request to merge its three units into one company. Such a move, it believes, would allow it to save money and offer an array of packages but the regulator has been of t Show less Read more
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