The deconsolidation of DTH operation Yes has provided a handsome reward for Bezeq. The Israeli telecoms group recorded a one off gain of NIS1.5 billion (€280 million), well above estimates from both analysts and the company itself.
Bezeq was forced to demerge the satcaster from its day-to-day operations after Israel’s Supreme Court rejected plans for an outright merger.
Yes itself posted a solid performance, growing revenues by 1.4% to NIS380 million year-on-year, as subscribers picked up on new advanced services. However, ARPU slipped back by 0.9% year on year to NIS224 (€42.3) following the end of an internet access agreement with Bezeq fixed line. Operating profit of NIS61 million represented a 15.7% increase on 2008.
Subscriber numbers of 567,000 were up 11,000 on the year and 5,000 on the quarter. A VOD service will launch in 2010.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.