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The CEO of Cellcom can smile: Profits at the peak of the last 20 quarters - Walla! Money

2022-05-18T10:56:48.402Z

Cellcom recorded a profit of NIS 28 million in the first quarter, compared with NIS 27 million in the entire previous year. CEO Daniel Sapir: "The results indicate a continuation of the growth and strengthening trend"



Cellcom CEO can smile: earnings at a record high of the last 20 quarters

Cellcom recorded a profit of NIS 28 million in the first quarter of 2022, compared to NIS 27 million in the entire previous year.

CEO Daniel Sapir: "The results indicate a continuation of the growth trend and the strengthening of the company"

Walla!

Of money

18/05/2022

Wednesday, 18 May 2022, 13:26 Updated: 13:49

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In the first quarter of 2022, the communications company Cellcom recorded its highest profit in the last 20 quarters.

The company earned NIS 28 million compared to NIS 7 million in the first quarter of 2021 and compared to NIS 27 million in the entire previous year.



The company ended the first quarter of 2022 with a total revenue turnover of NIS 1,055 million, compared to NIS 1,033 million in the corresponding quarter in 2021, which reflects an increase of 2.1%.



Revenues from cellular services in the current quarter also increased, as did revenues from services in the fixed segment.

The report shows that close to half of Cellcom's customers in Internet services enjoy fiber services.



The company is also growing in terms of subscribers: 31,000 cellular subscribers joined the company in the first quarter compared to the previous quarter, 6,000 joined the Internet infrastructure and 2,000 joined the television services.

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Cellcom CEO Daniel Sapir. Excellent quarterly results (Photo: Yoav Alon)

Developing additional growth engines

Daniel Sapir, CEO of Cellcom

said: “Cellcom opens the year 2022 with excellent quarterly results in all key parameters, both financial and operational.

The results indicate the continuation of the growth trend and the strengthening of the company.



We continue the activity of deploying 5th generation sites, investing in fiber infrastructure, among other things through IBC, promoting our customer service and other growth engines that will help us continue to increase the company's profitability. "

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Source: walla

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