JERUSALEM :Bezeq Israel Telecom reported flat quarterly profit on Wednesday, and said it expects to reap benefits from an exponential expansion of data created by artificial intelligence (AI) platforms through more lucrative fibre optics growth.Bezeq, Israel's largest telecoms group, said it earned 321 millio
JERUSALEM :Bezeq Israel Telecom reported flat quarterly profit on Wednesday, and said it expects to reap benefits from an exponential expansion of data created by artificial intelligence platforms through more lucrative fibre optics growth.
Revenue rose 2.4 per cent to 2.31 billion, its highest quarterly revenue level since 2018, it said, driven by high demand for broadband internet. With AI growing rapidly,"it means that all telecom players with fibre and 5G will see an increased demand", he told Reuters, citing a recent Bank of America report."We will be ready for it."
Fibre"is going to be one of the best infrastructure investments that Bezeq has ever made," Fischbein said, adding the cost per home in terms of deployment and installation was relatively low when compared to European telecommunication companies while eventually expecting its network to cover 85 per cent of Israel.
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